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Morgan Stanley Will Provide Clients With Access To Bitcoin Funds
Summary: Morgan Stanley will become the first U.S. bank giant to provide channels for accredited wealth management clients to invest in Bitcoin funds, according to a CNBC report. Sources at the bank said the bank can provide clients with access to funds owned by asset management companies FS Investments, NYDIG, and Galaxy Digital. The Investment needs ...
Morgan Stanley will become the first U.S. bank giant to provide channels for accredited wealth management clients to invest in Bitcoin funds, according to a CNBC report.
Sources at the bank said the bank can provide clients with access to funds owned by asset management companies FS Investments, NYDIG, and Galaxy Digital.
The Investment needs to meet certain conditions, includes high-risk tolerance, at least $2 million in corporate assets, and investment companies that require at least $5 million in bank funds.
People familiar with the matter also mentioned that even for qualified investors, the proportion of Bitcoin investment cannot exceed 2.5% of their total net assets.
By Mary Liu
Tags: Bitcoin,Bitcoin Fund,FS Investments,Galaxy Digital,Morgan Stanley,NYDIG
Link: Morgan Stanley Will Provide Clients With Access To Bitcoin Funds [Copy]
