Morgan Stanley Endorses Bitcoin as “Digital Gold,” Tells Advisors to Allocate...
Morgan Stanley’s Global Investment Committee (GIC) has issued an unexpected recommendation: treat Bitcoin as “digital gold” and allocate up to 4% of suitable portfolios to cryptocurrency exposure. Related Reading: Ripple Announces Major Privacy Upgrade For XRP Ledger – What To Know The action marks one of Wall Street’s most public institutional nods to digital assets […]
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In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission (SEC) to gain exposure to BTC. Per the document, 12 of Morgan Stanley’s investment funds will allocate capital in BTC financial products. Morgan Stanley’s investment funds eligible to gain indirect exposure to […]
According to Morgan Stanley’s wealth unit, some clients should hold only a small slice of cryptocurrencies in their portfolios. The firm’s guidance suggests a cautious approach: up to 2% for more measured portfolios and up to 4% for those seeking higher growth. Related Reading: Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead For accounts built around income or capital preservation, the guidance points to 0% crypto exposure. Small Stakes, Careful Rules The bank tells its advisors that crypto belongs in the “speculative” part of a plan. Based on reports, the....
Morgan Stanley, one of the largest investment firms in the US, announced on Friday that it will broaden access to crypto investments for all clients, including those with retirement accounts. This shift, reported by CNBC, allows financial advisors to present cryptocurrency funds to any client starting October 15, moving away from the previous restrictions that […]
Morgan Stanley, a Wall Street investment bank, has gotten exposure to Bitcoin (BTC) through Grayscale, indicating that institutional adoption of digital assets is growing. Morgan Stanley Owns 28k Shares According to a June 28 filing with the US Securities and Exchange Commission, the Morgan Stanley Europe Opportunity Fund, which invests in established and growing firms […]
One of the largest U.S. investment banks, Morgan Stanley, will be offering its wealth management clients access to bitcoin funds. Goldman Sachs, JPMorgan Chase, and Bank of America’s wealth management divisions do not currently allow their advisors to offer direct investment in bitcoin funds. Morgan Stanley to Offer Wealth Clients Access to Bitcoin Funds Investment bank Morgan Stanley, with $4 trillion in client assets, has become the “first big U.S. bank to offer its wealth management clients access to bitcoin funds,” CNBC reported Wednesday. The firm reportedly told its....