The post Bitcoin drives Morgan Stanley fund’s strategy with key positions in IBIT and MicroStrategy appeared on BitcoinEthereumNews.com.

Quick Take According to a recent SEC filing, the Morgan Stanley Institutional Fund, Inc. – Counterpoint Global Portfolio reported total net assets of $10,042,729 as of June 30, 2024. The portfolio holds 216 different investments and has a portfolio turnover rate of 51% for the first half of the year. Among the portfolio’s top ten holdings, notable investments include the iShares Bitcoin Trust (BlackRock IBIT ETF), which represents 2.1% of total assets—roughly a $211,000 stake. MicroStrategy, known for its significant Bitcoin holdings, ranks fourth with a 4.0% portfolio weighting, or approximately a $402,000 investment. While not a dedicated digital assets company, Tesla is the second-largest holding, accounting for 6.1% of the portfolio, reflecting its notable Bitcoin exposure as part of its corporate strategy. Top Ten Holdings Morgan Stanley Counterpoint Global Portfolio: (Source: Sec.gov) These positions highlight the portfolio’s significant exposure to digital assets and related companies, reflecting a broader interest in Bitcoin and its influence on the corporate sector. Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. Source: https://cryptoslate.com/insights/bitcoin-drives-morgan-stanley-funds-strategy-with-key-positions-in-ibit-and-microstrategy/

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Filed under: News - @ September 5, 2024 12:22 pm