EddieJayonCrypto
3 Jan 24
As the potential approval of Bitcoin spot exchange-traded funds in the US intensifies, Morgan Stanley has filed a new N-CSR for its Opportunity Fund, allowing for a potential 25% allocation of the fund to Bitcoin. The Fund intends to invest up to $140 million in a wholly-owned subsidiary for indirec...
As the potential approval of Bitcoin spot exchange-traded funds in the US intensifies, Morgan Stanley has filed a new N-CSR for its Opportunity Fund, allowing for a potential 25% allocation of the fund to Bitcoin. The Fund intends to invest up to $140 million in a wholly-owned subsidiary for indirect Bitcoin investment, potentially through cash-settled futures or Grayscale Bitcoin Trust. While regulatory changes could impact Morgan Stanley's BTC investment, the move reflects the growing interest in cryptocurrencies among institutional investors. Additionally, Bitcoin is trading at $45,100 following a one-year high and a 7% surge in the past seven days.
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