Morgan Stanley approves Bitcoin investments for a dozen new funds

2021-4-2 05:00

American investment bank Morgan Stanley plans to allow a dozen of its funds to invest in Bitcoin via cash-settled futures and the Grayscale Bitcoin Trust (GBTC), according to its filing with the Securities and Exchange Commission published yesterday.

“Certain Funds may have exposure to bitcoin indirectly through cash settled futures or indirectly through investments in Grayscale Bitcoin Trust (BTC) (“GBTC”), a privately offered investment vehicle that invests in bitcoin,” said the filing.

The bank also noted that investments in Bitcoin, be it via futures or GBTC, will be organized through its wholly-owned subsidiary—“an exempted company under the laws of the Cayman Islands.”

In its filing, Morgan Stanley listed 12 funds that it plans to expose to Bitcoin, including Advantage Portfolio, Asia Opportunity Portfolio, Counterpoint Global Portfolio, Developing Opportunity Portfolio, Global Advantage Portfolio, Global Opportunity Portfolio, and others.

Assessing the risks

At the same time, the bank also highlighted Bitcoin’s notorious volatility and pointed out that exposure to crypto might present some serious risks.

“The value of a Fund’s investments in cryptocurrency is subject to fluctuations in the value of the cryptocurrency, which have been and may in the future be highly volatile,” the document stressed, adding, “The price of bitcoin could drop precipitously (including to zero) for a variety of reasons.”

Further, there is also a chance that funds exposed to Bitcoin could suffer “substantial losses,” the bank explained. Therefore, only clients and companies with a considerable net worth will be allowed to access the new offerings thanks to their “aggressive risk tolerance.”

Thus, only clients that have at least $2 million in assets held by Morgan Stanley will be able to get exposure to Bitcoin. For investment companies, the minimum requirement will amount to $5 million.

A report has also recently suggested that Morgan Stanley is currently in talks to acquire a stake in the top South Korean cryptocurrency exchange Bithumb. The bank is reportedly considering investing between 300 billion and 500 billion Korean won ($254 million and $441 million, respectively).

The post Morgan Stanley approves Bitcoin investments for a dozen new funds appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96917.43 (+0.03%)
Объем 24H $42.652b
Изменеия 24h: -0.17 %, 7d: -5.48 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1920.091b Rank 1
Цена в час новости $ 59958.6 (61.64%)

bitcoin morgan funds dozen stanley gbtc grayscale

Источник: cryptoslate.com

bitcoin morgan → Результатов: 126


Фото:

Offchain Indicators Suggest JP Morgan Is Wrong to Write off Bitcoin

JP Morgan Chase & Co. believes the current bear market is scaring investors away from bitcoin, just to add to the never-ending rumors of its demise. But as retail and institutional investors seem to be looking for other options, are classic analysts telling the whole story? Also read: Only Sharks Will Feed on the Crypto Market’s […] The post Offchain Indicators Suggest JP Morgan Is Wrong to Write off Bitcoin appeared first on Bitcoin News.

2018-12-20 19:02


Morgan Stanley готовится запустить торговую платформу биткоин

Американский международный инвестиционный банк Morgan Stanley готовится предложить торговую платформу биткоин для своих клиентов, об этом сообщают различные средства массовой информации. Сообщение Morgan Stanley готовится запустить торговую платформу биткоин появились сначала на Freedman.

2018-9-13 16:13


Фото:

Morgan Stanley To Give Clients Bitcoin Trading Options

US multinational investment bank Morgan Stanley is preparing to offer Bitcoin swap trading for its clients, unconfirmed sources report on September 13. Sources Say Morgan Stanley Preparing Swap Trades Citing “people familiar with the matter” in an article from Bloomberg reporter Alistair Marsh, Business Insider’s Frank Chaparro revealed the giant “plans to offer trading in complex derivatives” linked to Bitcoin .

2018-9-13 15:00


Фото:

Bitcoin, Ethereum and Litecoin Trading Now Available on Yahoo Finance

Yahoo Finance has quietly integrated trading with Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) on its platform, Morgan Creek Digital founder announced in an August 29 tweet. “The Virus Is Spreading” In what many news outlets have described as a big step forward for mainstream crypto adoption, Yahoo Finance has launched a new option allowing its users to buy and...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-8-31 16:00


Фото:

Morgan Creek Launches Digital Asset Index Fund, Excludes Ripple and Stellar Lumens

Morgan Creek Digital Asset Index Fund launched on August 29th signaling a jump forward for large-scale adoption of cryptocurrencies. With the backing of the Morgan Creek Institutional Investment House, the digital asset index fund will include significant players like bitcoin, and ethereum, though it will leave ripple and lumens out of the asset mix.

2018-8-31 03:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.

Bitcoin Diamond Hands Still Unbroken: 30.7% Of Supply Dormant For 5+ Years

Data shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most […]

Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?

Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.

Bitcoin Difficulty Jumps 3% As Hashrate Slowly Recovers

On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery. Bitcoin Mining Difficulty Has Seen A Positive 3% Adjustment Recently The “mining difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine on […]

Bitcoin Investors Have Turned Greedy Again: What Could Be Next For BTC?

Data shows that Bitcoin investors have again assumed a sentiment of greed after BTC’s surge of $64,000. Here’s what this could mean. Bitcoin Fear & Greed Index Is Now Pointing At ‘Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment currently present among the investors of […]

These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals

An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC.