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.