Bitcoin exposure was added at the end of the’Other Securities and Investment Strategies’ section for more than 10 investment funds.
According to Cointelegraph, a cryptocurrency media outlet on the 2nd, the US investment bank Morgan Stanley updated the forecasts of several institutional funds to reflect the possibility of exposure to bitcoin (BTC) through grayscale and cash-settled bitcoin futures. It was once again highlighted that the digital assets of major investment companies are rapidly flowing in.
Morgan Stanley declared that in a data filed with the Securities and Exchange Commission (SEC) on the 31st of last month, it has updated the investment policy and strategy section for 12 institutional portfolios. With this update, the Morgan Stanley Institutional Fund will be able to add bitcoin to multiple portfolios through the Grayscale Bitcoin Trust (GBTC) and cash-settled bitcoin futures.
In the file submitted, “to the extent that the fund invests in Bitcoin futures or GBTC, it will do so through a wholly owned subsidiary organized as an exempt company under the law of the Cayman Islands in the UK. May not be exposed to Bitcoin from time to time,” he added.
The portfolios that can be exposed to BTC disclosed by Morgan Stanley are as follows:
- Advantage Portfolio
- Asia Opportunity Portfolio
- Counterpoint Global Portfolio
- Developing Opportunity Portfolio
- Global Advantage Portfolio
- Global Permanence Portfolio
- Global Opportunity Portfolio
- Growth Portfolio
- Inception Portfolio
- International Advantage Portfolio
- International Opportunity Portfolio
- Perpetual Portfolio (respectively, “Portfolio”)
Meanwhile, with reports that Morgan Stanley is also watching shares in major Korean exchanges, speculation that it is Bithumb is emerging.