September 15, 2021

Morgan Stanley will create a division for cryptocurrency analysis

Morgan Stanley will create a division for cryptocurrency analysis

Morgan Stanley, one of the leading U.S. investment banks, has appointed Sheena Shaw as chief cryptocurrency analyst. The appointment marks "recognition of the growing importance of digital assets," Bloomberg writes.

Previously, the specialist spent eight years as chief strategist for currency markets. In her new role, she will be tasked with building a team that will focus on studying the impact of cryptocurrencies on fixed-income stocks and instruments.

In March, CNBC sources reported on Morgan Stanley's plans to allow accredited investors with at least $2 million in capital access to bitcoin funds. The bank capped investments in the instruments at 2.5% of their equity.

A month later, the U.S. bank did not rule out adding derivatives on the first cryptocurrency in 12 of its own funds in a filing to the U.S. Securities and Exchange Commission (SEC).

In June, asset managers New York Digital Investment Group and FS Investments applied to the SEC to register a bitcoin fund targeting Morgan Stanley clients.

In June, the investment bank disclosed Morgan Stanley Europe Opportunity Fund's $1.3 million position in the Grayscale bitcoin trust. In July, it became known that Morgan Stanley Insight Fund acquired GBTC shares for $27.7 million.

Recall, in September, the international rating agency Moody's Investors Service posted a vacancy for an analyst in the field of digital assets and DeFi.

Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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