Morgan Stanley: 84 funds invested in Bitcoin this year! :


Despite the speculative risks around cryptocurrencies, the latter are becoming increasingly important in the world of finance. A report published by Morgan Stanley continues this trend, telling us that $ 2 billion has been invested this year in investment funds related to cryptocurrencies.

Crypto funds are on the rise!
Morgan Stanley Report: Bitcoin Investment Fund
Morgan Stanley's offices on Time Square

This year, Bitcoin and cryptocurrencies in general are in full swing. The biggest investors around the world know that very well. This explains why some of them decide to invest in digital currencies, and a recent report prepared by Morgan Stanley Bank for its customers seems to confirm this trend.

Entitled "Bitcoin Decoded" ("Decoded Bitcoin"), the document states that 84 investment funds have focused on various projects related to bitcoin and cryptocurrencies. This study is the result of a duo formed by Morgan Stanley and Autonomous NEXT (a consulting firm). It estimates the total investment of these funds at $ 2 billion.

The number of these funds has increased considerably. Indeed, we went from 11 funds in 2016 to 84 this year.

The total return realized by these investment funds was determined by the research firm HFR which has estimated a return of 1.641% since November 2017, against a return of 295% for the whole year. 2015.

Investment funds that have cracked for bitcoin
Among those who decided to bet on cryptocurrency this year, there is especially Miller Value Partners who - according to Coindesk - is one of the main investors in Bitcoin. Bill Miller - the head of this huge fund with more than $ 2 billion in assets - admitted in a podcast that one of his companies has invested 50% or more in Bitcoin.

In the UK, some investment funds have also shown their interest in bitcoin. This is for example the case of Man Group a fund managing a total of 95 billion dollars. The titanic British fund recently announced its intention to add cryptocurrencies to its portfolio.

France is also well represented in this list of funds related to digital currencies in 2017. To mention just a few, the report mentions Eiffel Investment Group, Otium Capital and Tobam. The latter has also marked the world of cryptocurrency last November, by launching the first Bitcoin mutual fund in Europe.

Finally, other funds - such as Galaxy Digital Asset Fund or BlueYard - are also to watch at the end of the year, because their influence on the market is not negligible.
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