morgan stanley

George Soros’ Investment Fund Is Reportedly Trading Bitcoin Products

<div class=”featured_image_container”> </div> <strong>The Hungarian-born American billionaire investor George Soros’ investment fund is actively trading bitcoin investment products, according to reports. Undisclosed sources reveal that bitcoin trading got the green light from the Soros Fund Management chief investment officer (CIO) Dawn Fitzpatrick.</strong> Soros Fund Management Reportedly Has ‘Greenlight’ to Trade Bitcoin At the end of …

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Coinbase-backed Securitize secures $48M in Series B funding

Morgan Stanley has made its first capital investment foray into the blockchain space, co-leading a $48 million funding for Securitize. According to a release issued on Monday, the Coinbase-backed asset tokenization outfit has completed a Series B funding round that drew participation from Morgan Stanley Tactical Value-managed investment funds and Blockchain Capital. Other participants in …

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Bitcoin may lose $30K price level if stocks tank, analysts warn

The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in tandem, and Bitcoin lost half of its value in just two days. Meanwhile, …

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Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

<div class=”featured_image_container”> </div> <strong>Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals.</strong> Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan …

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Morgan Stanley Adds Bitcoin to 12 Mutual Funds’ Investment Strategies

<div class=”featured_image_container”> </div> <strong>Morgan Stanley has filed with the U.S. Securities and Exchange Commission (SEC) to add bitcoin exposure to 12 of its mutual funds’ investment strategies. These mutual funds may invest in bitcoin futures as well as obtain indirect exposure to the cryptocurrency through investments in Grayscale Bitcoin Trust, the filing details.</strong> Bitcoin Exposure …

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Morgan Stanley adds Bitcoin exposure to 12 investment funds

United States investment bank Morgan Stanley 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 …

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Goldman Sachs to Offer ‘Full Spectrum’ of Bitcoin Investments

<div class=”featured_image_container”> </div> <strong>Goldman Sachs has revealed that it will be offering bitcoin investments to its wealth management clients. The investment bank reportedly plans to offer a “full spectrum” of bitcoin investments, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles.”</strong> Goldman Sachs to Begin Offering Bitcoin Investments to Wealthy Clients Goldman Sachs …

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Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz

<div class=”featured_image_container”> </div> <strong>Galaxy Digital CEO Mike Novogratz has predicted that as much as a trillion dollars could flow into bitcoin over the next year as wealthy baby boomers get into cryptocurrency. With the example of Morgan Stanley, he says that more banks will start offering bitcoin exposure to their customers.</strong> $1 Trillion Could Flow …

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JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients

<div class=”featured_image_container”> </div> <strong>JMP Securities has predicted that “$1.5 trillion of incremental capital” could flow into bitcoin, an amount greater than the cryptocurrency’s current market cap. The firm sees more wealth management companies following Morgan Stanley’s example to offer bitcoin to their clients. “Around $30 trillion of assets in the U.S. retail wealth management industry …

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Morgan Stanley rumored to be eyeing stake in top Korean exchange Bithumb

According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant share in leading Korean cryptocurrency exchange, Bithumb. The news was reported on March 18 by Aju News, with Bithumb reportedly in discussions with major Bithumb shareholder, Bident — who owns a roughly 10% stake …

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