摩根士丹利擁抱比特幣 ETF，顯示機構接受加密貨幣

著名投資公司摩根士丹利計劃將現貨比特幣交易所交易基金（ETF）納入其機構重點基金。此舉顯示該銀行有意進軍不斷成長的數位資產市場，並利用人們對比特幣興趣高漲的機會。摩根士丹利向 SEC 提交的申請概述了 12 只基金採用現貨比特幣 ETF 的計劃，並透過自下而上的選股流程選擇投資。該銀行強調潛在風險，並拒絕保證投資成功。

Morgan Stanley Embraces Bitcoin ETFs, Signaling Institutional Acceptance

摩根士丹利擁抱比特幣 ETF，表明機構接受

In a groundbreaking move that reflects the growing mainstream adoption of digital assets, Morgan Stanley, the renowned American multinational investment bank and financial services company, has announced plans to incorporate Spot Bitcoin Exchange Traded Funds (ETFs) into a selection of its institutionally focused funds. This strategic decision underscores Morgan Stanley's commitment to expanding its presence in the digital asset space and capitalizing on the surging interest in cryptocurrencies.

美國著名跨國投資銀行和金融服務公司摩根士丹利宣布計劃將現貨比特幣交易所交易基金(ETF) 納入其一系列以機構為重點的基金中，這一突破性舉措反映了數位資產日益成為主流。這項策略決策強調了摩根士丹利致力於擴大其在數位資產領域的影響力並利用人們對加密貨幣日益增長的興趣的承諾。

On Friday, April 26, Morgan Stanley submitted a filing to the United States Securities and Exchange Commission (SEC), requesting formal approval to add Spot Bitcoin ETFs to 12 of its investment funds. These funds include Developing Opportunity, Global Insight, Global Permanence, Growth, Inception, International Advantage, International Opportunity, Global Opportunity, Permanence Portfolios, and Counterpoint Global.

4 月 26 日星期五，摩根士丹利向美國證券交易委員會 (SEC) 提交了一份文件，請求正式批准將現貨比特幣 ETF 添加到其 12 只投資基金中。這些基金包括 Developing Opportunity、Global Insight、Global Permanence、Growth、Inception、International Advantage、International Opportunity、Global Opportunity、Permanence Portfolios 和 Counterpoint Global。

The filing outlines that these funds will incur customary transaction costs, such as commissions, when buying and selling securities. Morgan Stanley has also disclosed its principal investment strategies regarding the inclusion of Spot Bitcoin ETFs in its funds. Notably, the company will employ a "bottom-up stock selection process."

該文件概述了這些基金在買賣證券時將產生慣例交易成本，例如佣金。摩根士丹利也揭露了有關將現貨比特幣 ETF 納入其基金的主要投資策略。值得注意的是，該公司將採用「自下而上的選股流程」。

This approach indicates that Morgan Stanley Investment Management Inc., the fund's advisor, will invest in companies it deems to have robust business visibility, high rates of return, and other favorable attributes. The filing further states that the fund may invest in foreign securities, various types of equity securities, and privately placed and restricted securities.

這種方法表明，該基金的顧問摩根士丹利投資管理公司將投資於它認為具有強勁業務可見性、高回報率和其他有利屬性的公司。該文件進一步指出，該基金可以投資於外國證券、各種類型的股本證券以及私募和限制性證券。

Morgan Stanley acknowledges the inherent risks associated with investments made by the fund, emphasizing that investors could potentially lose their capital. The filing highlights several risk factors that could impact the fund, including liquidity risks, volatility in equity securities, and market, economic, and political conditions. It notes that during periods of volatility, the value of equity securities and related products may face significant declines.

摩根士丹利承認該基金投資存在固有風險，並強調投資者可能會損失資本。該文件強調了可能影響該基金的幾個風險因素，包括流動性風險、股本證券的波動性以及市場、經濟和政治狀況。它指出，在波動時期，股本證券及相關產品的價值可能會面臨大幅下跌。

The endorsement of Spot Bitcoin ETFs by Morgan Stanley, a leading global investment advisor with approximately $8 trillion in Assets Under Management (AUM), marks a significant shift in the traditional investment landscape. Earlier in April, the company announced plans to authorize 15,000 brokers to recommend Spot Bitcoin ETF investments to their clients.

管理資產（AUM）約 8 兆美元的全球領先投資顧問摩根士丹利對現貨比特幣 ETF 的認可，標誌著傳統投資格局的重大轉變。 4 月初，該公司宣布計劃授權 15,000 家經紀商向客戶推薦現貨比特幣 ETF 投資。

This endorsement could have far-reaching implications, potentially establishing Morgan Stanley as the first multinational investment bank to actively solicit customer investments into Spot Bitcoin ETFs. Moreover, the investment bank's recent interest in Bitcoin could contribute to the growth of crypto exposure, attracting a wave of institutional capital into the cryptocurrency market. This development could potentially mark a new era of acceptance for Bitcoin within the realm of traditional finance.

這項認可可能會產生深遠的影響，有可能使摩根士丹利成為第一家積極吸引客戶投資現貨比特幣 ETF 的跨國投資銀行。此外，投資銀行最近對比特幣的興趣可能有助於加密貨幣風險的成長，吸引一波機構資本進入加密貨幣市場。這一發展可能標誌著傳統金融領域接受比特幣的新時代。

The integration of Spot Bitcoin ETFs into Morgan Stanley's investment funds demonstrates the increasing recognition of cryptocurrencies as a legitimate asset class by mainstream financial institutions. As the cryptocurrency landscape continues to evolve, institutions are seeking ways to gain exposure to this burgeoning market. The inclusion of Spot Bitcoin ETFs in these funds provides a convenient and accessible avenue for institutions to participate in the cryptocurrency revolution.

將現貨比特幣 ETF 納入摩根士丹利的投資基金，顯示主流金融機構越來越認可加密貨幣作為合法資產類別。隨著加密貨幣格局的不斷發展，機構正在尋求進入這個新興市場的方法。將現貨比特幣 ETF 納入這些基金，為機構參與加密貨幣革命提供了方便的途徑。

This move by Morgan Stanley serves as a testament to the growing maturity and legitimacy of the cryptocurrency market. It represents a significant step toward the broader adoption of digital assets by mainstream investors and the integration of cryptocurrencies into the global financial system.

摩根士丹利的這一舉動證明了加密貨幣市場日益成熟和合法性。它代表著主流投資者更廣泛地採用數位資產以及加密貨幣融入全球金融體系的重要一步。