Morgan Stanley applies to obtain Bitcoin ETF exposure for 12 funds
According to U.Today, American multinational investment bank Morgan Stanley has submitted documents to the U.S. Securities and Exchange Commission (SEC) to obtain Bitcoin ETF exposure for its 12 funds. These funds include Advantage, Asia Opportunity, Counterpoint Global, Developing Opportunity, Global Insight, Global Opportunity, Global Permanence, Growth, Inception, International Advantage, International Opportunity, and Permanence Portfolios. These funds may indirectly gain investment exposure to the largest cryptocurrency by investing in Bitcoin ETFs. The amount invested in Bitcoin ETFs will be subject to "certain restrictions." Morgan Stanley added that the risks of investing in spot Bitcoin ETFs are comparable to those of investing directly in the underlying cryptocurrency. Despite the sharp drop in Bitcoin ETF liquidity, well-known brokerage firm Bernstein remains bullish on the largest cryptocurrency, sticking to its highly optimistic $150,000 Bitcoin price target, which the company expects to be achieved next year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia server prices reportedly increase by 15%, with some customers already receiving price hike notifications
Media outlets, citing sources familiar with the matter, reported that this price increase will take effect starting with systems shipped early next year, affecting those equipped with flagship-level Vera Rubin and Grace Blackwell chips. Factories manufacturing servers for major companies such as Microsoft, Google, and Oracle have already issued price increase notices. The specific rate of the increase will depend on the generation of Nvidia chips and storage configurations.
Crypto prices
More
