Apr 3, 2021
1 min read
Morgan Stanley filed SEC registrations for 12 mutual funds
Morgan Stanley’s decision to offer indirect exposure further demonstrates traditional investment firm’s eagerness to enter the cryptomarket, despite ongoing SEC restrictions.
- Morgan Stanley announced previously that it would offer bitcoin and other digital assets to clients with $2M in AUM.
- Some of the exposure mechanisms outlined in the filing include exposure via cash-settled futures or Grayscale’s Bitcoin Trust.
- Investments with Grayscale BTC trust (GBTC) allocation will receive reportedly receive tax treatment as if it were a direct bitcoin investment.
- The filing considers these funds to be alternative hedging instruments to commodity-linked instruments or bonds.
