A new Bitcoin (BTC) step from banking giant Morgan Stanley

 

Multinational investment bank Morgan Stanley is adding Bitcoin as a viable investment in multiple corporate funds, according to a new filing it shared with the U.S. 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 the Grayscale Bitcoin Trust.

Wall Street investment bank Morgan Stanley said in a regulatory filing 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 may 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 exempt under Cayman Islands law.”