Investors are eager to learn more about the rapidly growing cryptocurrency industry, and how they can increase exposure.
Morgan Stanley, an American multinational investment bank, published a report about cryptocurrency for wealth management clients on Monday, November 1, 2021.
The document was prepared by strategists from Morgan Stanley Research. It provides a detailed analysis on the different activities, sectors and trends that make up the highly speculative cryptocurrency industry.
The Wall Street giant, Sheena Shah, launched its crypto research unit earlier in September. This division is focused on analysing the impact of digital assets upon equities.
Morgan Stanley Cryptocurrency Report
According to the report, the increase in visibility of crypto-related activities over the past months has prompted financial regulators and governments to begin looking at ways to bring regulatory clarity to the sector.
Morgan Stanley believes that the market will grow with institutional investors joining the space. This is due to the current market value of $2.5 trillion.
Crypto Exposure for Wealth Clients
Morgan Stanley also launched three Bitcoin Funds earlier in March to expose its wealth clients to the most popular digital asset.
For clients to be eligible for the new offering, the bank stipulated several conditions, including a minimum deposit requirement of $5 million and $2,000,000 for individual and institutional investors.
Morgan Stanley has not resisted increasing its Bitcoin exposure. Morgan Stanley purchased over 58,000 shares in GBTC, the largest Bitcoin Fund in the world, just last month.
Institutional Investors embrace Crypto
Due to recent price rallies, institutional investors are flocking into crypto, with many financial service providers increasing client exposure to the asset.
These institutional investors often place large sums of money in bitcoin, the king of coins.
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