Morgan Stanley filed an SEC registration for 12 new investment portfolios that “may have exposure to bitcoin indirectly” via cash-settled futures or Grayscale Bitcoin Trust.
Morgan Stanley’s Bitcoin Portfolios
Morgan Stanley announced new investment portfolios in Advantage, Asia Opportunity, Counterpoint Global, Developing Opportunity, Global Advantage, and seven others with significant room for Bitcoin exposure—up to 25% via foreign subsidiaries.
The additional information section of the filing states that each fund “may gain exposure to bitcoin and other assets by investing up to 25% of its total assets in a wholly-owned subsidiary of the Fund.”
The subsidiary, which will be registered in the Cayman Islands, will hold Bitcoin exposure via futures contracts or holding GBTC shares.
The American multinational bank announced last month that it would offer Bitcoin investment products to wealthy clients.