Cryptocurrencies
Morgan Stanley May Bet on Bitcoin in $150 Billion Investment Arm
- Counterpoint Global unit is weighing whether asset is suitable
- More mainstream firms are accepting Bitcoin amid recent rally
This article is for subscribers only.
A $150 billion Morgan Stanley investing arm known for its prowess in picking growth stocks is considering adding Bitcoin to its list of possible bets.
Counterpoint Global, a unit of Morgan Stanley Investment Management that’s racked up wins in mutual-fund rankings, is exploring whether the cryptocurrency would be a suitable option for its investors, according to people with knowledge of the matter. Moving ahead with investments would require approval by the firm and regulators.