Morgan Stanley Files to Receive BTC Exposure of up to 25% for a Dozen Funds

CryptoPotato reported back in February that a unit of Morgan Stanley Investment Management called Counterpoint Global explored whether or not to enable its investors to receive access to BTC.

According to a document filed with the Securities and Exchange Commission from yesterday, the giant US multinational investment bank has sought approval for bitcoin purchases for that precise fund and 11 others. Some of the other names include Advantage Portfolio, Asia Opportunity Portfolio, Growth Portfolio, and Inception Portfolio.

Those funds could receive exposure to BTC indirectly through cash-settled futures or through investments in the Grayscale Bitcoin Trust (GBTC). If the funds indeed invest in BTC futures or GBTC, they will “do so through a wholly-owned subsidiary, which is organized as an exempted company under the laws of the Cayman Islands.”

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