December 4, 2021

Morgan Stanley: Crypto Market Is Ready For Institutions To Come

Morgan Stanley: Crypto Market Is Ready For Institutions To Come

It's time for major players in the financial world to think about how to enter the cryptocurrency market, experts said. bank Morgan Stanley.

Institutionalization of cryptocurrencies opens"Great opportunity" for asset managers. This opinion was expressed by analysts at Morgan Stanley in their report, prepared in cooperation with the consulting company Oliver Wyman. The bank emphasizes that the market capitalization, which grew from less than $ 50 billion in 2017 to $ 2 trillion in April 2021, speaks of the market's readiness for large players.

According to Morgan Stanley, asset managers,who want to enter the crypto market, it is worth considering investing in cryptocurrencies either through a mixed asset fund or through separate passive / active crypto products.

The Bank recognizes that the segment of private investorswill continue to strive for cryptocurrencies. They are primarily of interest to "technology-savvy asset owners." However, managers need to develop their own products to meet demand, the bank said.

Difficulty for large players can beregulatory uncertainty; and volatility. However, despite the pitfalls, cryptocurrencies can form a new market with $ 300 billion in client funds and $ 1 billion in revenue if the regulator approves ETFs for cryptocurrencies.

Morgan Stanley's interest in the cryptocurrency markethas been known for a long time. For example, in January of this year, Counterpoint Global, a division of Morgan Stanley that manages investments in the order of $ 150 billion, considered buying bitcoin as an investment asset. Whether the division has invested in cryptocurrency remains unknown.

However, it is known that Morgan Stanley is in the samebought 10% of MicroStrategy in a month. The company is especially known on the crypto market as the largest public holder of bitcoin. For example, at the time of this writing, MicroStrategy holds 105,085 BTC (~ $ 3.6 billion) in reserves.

Morgan Stanley buys 29,000 shares of Grayscale Bitcoin Trust

Through its European subsidiary Europe Opportunity Fund, Morgan Stanley owns 28,289 shares of the Grayscale Bitcoin Trust. This was reported in the report to the exchange regulator.

At the time of this writing, the declared amountthe investment is estimated at $ 827,000. Still, Grayscale is not doing very well. The trust margin is still in the negative zone. At the time of this writing, GBTC margins remain at 9.5%.

Morgan Stanley: Crypto Market Is Ready For Institutions To Come


As a reminder, at the beginning of May, Digital Currency Group(DCG), the parent company of Grayscale, announced a deal to buy GBTC shares for up to $ 750 million. Prior to this, the company acquired GBTC shares for $ 193 million. Moreover, DCG announced its intention to continue buying shares on the stock market at its own discretion. However, it remains unknown whether the company bought up GBTC shares for $ 750 million.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) 9.7
2 Bybit 7.5
3 OKEx 7.1
4 Exmo 6.9
5 Huobi 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Feedback and support - we analyze user reviews and the quality of technical support.
  • Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform features - availability of additional features - futures, options, staking, etc.
  • final grade - the average number of points for all indicators, determines the place in the rating.

Morgan Stanley: Crypto Market Is Ready For Institutions To Come


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