United States investment bank Morgan Stanley (NYSE:MS) has updated the prospectus of several institutional funds to reflect potential exposure to Bitcoin (BTC) through Grayscale and cash-settled futures, highlighting once again the rapid uptake of digital assets by major investment firms.
In a March 31 filing with the U.S. Securities and Exchange Commission, or SEC, Morgan Stanley declared it has updated the “Investment Policies and Strategies” section for 12 institutional portfolios. The update enables Morgan Stanley Institutional Fund, Inc. to add Bitcoin to several portfolios via Grayscale Bitcoin Trust and cash-settled futures.