A New Bitcoin (BTC) Step From Banking Giant Morgan Stanley Coinexc

Multinational investment bank Morgan Stanley adds Bitcoin as a viable investment in multiple institutional funds, according to a new file shared with the US Securities and Exchange Commission (SEC).

The list includes Counterpoint Global Portfolio, Developing Opportunity Portfolio, Asia Opportunity Portfolio, and others. Funds will be able to invest in Bitcoin through cash-paid futures or shares of Grayscale Bitcoin Trust.

Wall Street investment bank Morgan Stanley said in a regulatory file on Thursday that some of its corporate funds could invest in Bitcoin in the form of cash-paid futures or a Grayscale’s Bitcoin Trust.

“Some Funds can invest in Bitcoin either indirectly through cash-paid futures or through the Grayscale Bitcoin Trust. To the extent that a Fund invests in Bitcoin futures or GBTC, it will do so through a wholly owned subsidiary organized as a company exempted under Cayman Islands law. “

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