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Morgan Stanley now owns $240m of Grayscale Bitcoin Trust.


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    • By TheWorldNewsOrg
      "Morgan Stanley bought 28,289 shares of Grayscale Bitcoin Trust. This is a new position."

       
    • By LNN
      The filing names twelve funds, including Counterpoint Global, which Bloomberg News reported was considering some kind of bitcoin investment or exposure strategy. 
      As Thursday's filing notes:
      The filing also indicates the degree to which each fund may gain exposure, suggesting as much as 25 percent of their respective assets could be put towards bitcoin products.
      “Each of the Advantage Portfolio, Asia Opportunity Portfolio, Counterpoint Global Portfolio, Developing Opportunity Portfolio, Global Advantage Portfolio, Global Permanence Portfolio, Global Opportunity Portfolio, Growth Portfolio, Inception Portfolio, International Advantage Portfolio, International Opportunity Portfolio and Permanence Portfolio may, consistent with its principal investment strategies, invest up to 25% of its total assets in a wholly-owned subsidiary of the Fund organized as a company under the laws of the Cayman Islands," the filing states. "Each Subsidiary may invest in GBTC, cash-settled bitcoin futures and other investments."
      https://www.sec.gov/Archives/edgar/data/836487/000110465921044979/a21-8652_27497.htm
    • By LNN
      “The money will start coming in early next month,” Mike  @Novogratz
       
    • By LNN
      Counterpoint Global, a unit of Morgan Stanley Investment Management that’s racked up wins in mutual-fund rankings, is exploring whether the cryptocurrency would be a suitable option for its investors, according to people with knowledge of the matter. Moving ahead with investments would require approval by the firm and regulators.
      https://www.bloomberg.com/news/articles/2021-02-13/morgan-stanley-may-bet-on-bitcoin-in-150-billion-investment-arm
      https://www.coindesk.com/morgan-stanley-unit-considers-150-billion-bitcoin-investment-bloomberg
      I think this is a better article. Actually tells you in the headline that Morgan Stanley is:
      considering a 150 million dollar investment into Bitcoin
      not 150 billion And it has a nice quote at the end by Janet Yellen, US Treasury Secretary, reminding everyone that government regulation can still bring volatility to the crypto market:
      https://www.businessinsider.com/bitcoin-morgan-stanley-arm-eyeing-150-million-bitcoin-buy-bloomberg-2021-2
       

    • By Just another man
      I think this type of move would really open the floodgates of investment. IMHO.




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