Morgan Stanley Bitcoin Funds

Morgan Stanley may be signaling its confidence in Bitcoin by providing its wealthy clients with funds that enable them to invest in its cryptocurrency. Morgan Stanley, with $4 trillion in client assets managed through its wealth management division, informed advisors in an internal memo of its intentions of offering investments in three Bitcoin-related funds – each limited to 2.5% of each client’s net worth according to CNBC reports. Galaxy Digital led by Mike Novogratz will lead Galaxy Digital Fund while FS Investments and NYDIG also have funds.

Morgan Stanley is well known for its prowess at picking growth stocks. To that end, its $150 billion investing arm has already made waves by purchasing large chunks of shares in Grayscale Bitcoin Trust (GBTC), a private Bitcoin tracker fund with high-profile investors such as Cathie Wood.

Morgan Stanley isn’t simply betting on another Bitcoin bull run – they also believe that recent crypto winter has been a precursor to an imminent crypto spring and that an upcoming halving event this summer will cause another price surge, cutting in half the rate of new Bitcoin creation – something which has historically coincided with major price gains in previous halving events.