[Featured Stock] Morgan Stanley Anticipates Bitcoin Fund Launch... Related Stocks Rally
[Asia Economy Reporter Lee Seon-ae] Cryptocurrency-related stocks are showing strong performance following news that Morgan Stanley will launch the first cryptocurrency investment fund on Wall Street.
As of 10:02 AM on the 18th, Woori Technology Investment is trading at 6,760 KRW, up 18.77% from the previous day. Bident is recording a 7.50% increase at 12,900 KRW.
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Meanwhile, Morgan Stanley informed its clients through an internal memo that it will create a fund that can invest in Bitcoin. The U.S. economic media CNBC reported, citing anonymous sources, that "Morgan Stanley is the first major bank to allow asset management clients to invest in a Bitcoin fund," and "it will launch three funds that enable ownership of Bitcoin."
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