Morgan Stanley Approves Bitcoin Exposure for Handful of Mutual Funds

The megabank is positioning itself to take an active role across the bitcoin markets.

AccessTimeIconApr 1, 2021 at 2:48 p.m. UTC
Updated May 9, 2023 at 3:17 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Morgan Stanley is giving a handful of its mutual funds the ability to invest indirectly in bitcoin through cash-settled futures contracts and Grayscale’s bitcoin trust.

According to Thursday regulatory filings, ‘’certain funds” now have the go-ahead to seek “exposure to bitcoin indirectly.” The initial rollout features five Morgan Stanley fund families: Institutional Fund, Institutional Fund Trust, Europe Opportunity Fund, Insight Fund and Variable Insurance Fund.

Each fund may invest up to 25% of its total assets in bitcoin, the filings state. It was not clear at press time if any had begun. Morgan Stanley declined to comment.

The green-light underscores Morgan Stanley’s increasing interest in bitcoin as an asset class even if, for now, it is keeping the crypto at arm’s length through indirect exposure. Last month, it debuted bitcoin investment fund products but only for high-net-worth clients.

Even yesterday the megabank put out its first hiring call for a cryptocurrency and blockchain lead analyst.

Grayscale is owned by CoinDesk parent company Digital Currency Group.

UPDATE (April 1, 16:40 UTC): Adds no comment from Morgan Stanley.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.