Morgan Stanley has filed with the U.S. Securities and Exchange Commission (SEC) to add bitcoin exposure to 12 of its mutual funds’ investment strategies. These mutual funds may invest in bitcoin futures as well as obtain indirect exposure to the cryptocurrency through investments in Grayscale Bitcoin Trust, the filing details.
Bitcoin Exposure for 12 Morgan Stanley Mutual Funds
Morgan Stanley Institutional Fund Inc., the asset management division of Morgan Stanley, filed a statement of additional information supplement with the U.S. Securities and Exchange Commission (SEC) on Wednesday. The purpose of the filing is to enable 12 of the investment bank’s mutual funds to start adding exposure to bitcoin.
The company explained that “Bitcoin Exposure” has been added to the “Investment Policies and Strategies” of 12 mutual fund portfolios, under “Other Securities and Investment Strategies” section.
The mutual funds that may start adding bitcoin exposure are Advantage Portfolio, Asia Opportunity Portfolio, Counterpoint Global Portfolio, Developing Opportunity Portfolio, Global Advantage Portfolio,