摩根士丹利拥抱比特币 ETF，表明机构接受加密货币

著名投资公司摩根士丹利计划将现货比特币交易所交易基金（ETF）纳入其机构重点基金中。此举表明该银行有意进军不断增长的数字资产市场，并利用人们对比特币兴趣高涨的机会。摩根士丹利向 SEC 提交的申请概述了 12 只基金采用现货比特币 ETF 的计划，并通过自下而上的选股流程选择投资。该银行强调潜在风险，并拒绝保证投资成功。

Morgan Stanley Embraces Bitcoin ETFs, Signaling Institutional Acceptance

摩根士丹利拥抱比特币 ETF，表明机构接受

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.

美国著名跨国投资银行和金融服务公司摩根士丹利宣布计划将现货比特币交易所交易基金 (ETF) 纳入其一系列以机构为重点的基金中，这一突破性举措反映了数字资产日益成为主流。这一战略决策强调了摩根士丹利致力于扩大其在数字资产领域的影响力并利用人们对加密货币日益增长的兴趣的承诺。

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，摩根士丹利向美国证券交易委员会 (SEC) 提交了一份文件，请求正式批准将现货比特币 ETF 添加到其 12 只投资基金中。这些基金包括 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."

该文件概述了这些基金在买卖证券时将产生惯例交易成本，例如佣金。摩根士丹利还披露了有关将现货比特币 ETF 纳入其基金的主要投资策略。值得注意的是，该公司将采用“自下而上的选股流程”。

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.

这种方法表明，该基金的顾问摩根士丹利投资管理公司将投资于它认为具有强劲业务可见性、高回报率和其他有利属性的公司。该文件进一步指出，该基金可以投资于外国证券、各种类型的股本证券以及私募和限制性证券。

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.

摩根士丹利承认该基金投资存在固有风险，并强调投资者可能会损失资本。该文件强调了可能影响该基金的几个风险因素，包括流动性风险、股本证券的波动性以及市场、经济和政治状况。它指出，在波动时期，股本证券及相关产品的价值可能会面临大幅下跌。

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.

管理资产（AUM）约 8 万亿美元的全球领先投资顾问摩根士丹利对现货比特币 ETF 的认可，标志着传统投资格局的重大转变。 4 月初，该公司宣布计划授权 15,000 家经纪商向其客户推荐现货比特币 ETF 投资。

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.

这一认可可能会产生深远的影响，有可能使摩根士丹利成为第一家积极吸引客户投资现货比特币 ETF 的跨国投资银行。此外，投资银行最近对比特币的兴趣可能有助于加密货币敞口的增长，吸引一波机构资本进入加密货币市场。这一发展可能标志着传统金融领域接受比特币的新时代。

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.

将现货比特币 ETF 纳入摩根士丹利的投资基金，表明主流金融机构越来越认可加密货币作为合法资产类别。随着加密货币格局的不断发展，机构正在寻求进入这个新兴市场的方法。将现货比特币 ETF 纳入这些基金，为机构参与加密货币革命提供了便捷的途径。

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.

摩根士丹利的这一举动证明了加密货币市场日益成熟和合法性。它代表着主流投资者更广泛地采用数字资产以及加密货币融入全球金融体系的重要一步。