An American multinational investment bank, Morgan Stanley, has filed with the U.S. Securities and Exchange Commission (SEC) to provide Bitcoin ETF exposure for 12 of its funds. The filing reveals that several of its portfolios may indirectly invest in Bitcoin ETFs. There will be restrictions on the amount of investment in these funds. The risk associated with investing in Bitcoin ETFs is similar to investing directly in the cryptocurrency. There is potential for Morgan Stanley to allow its brokers to solicit purchases for Bitcoin ETFs, potentially increasing demand. In other news, despite the recent drop in Bitcoin ETF flows, Bernstein remains optimistic about Bitcoin, maintaining its $150,000 price target for next year and dismissing the recent outflows as a temporary pause.