NYDIG cuts Bitcoin fee to 0.3% for investors as Morgan Stanley opens floodgates
Competition among institutional Bitcoin services continues to heat up as fees are slashed in time for a fresh herd of investors entering. Bitcoin (BTC) institutional investment firm NYDIG has staged an abrupt price cut for investors using it to gain exposure to BTC price action.In a press release on March 24, the company confirmed that effective immediately, its access fee had been reduced to 0.3%.Bitcoin buyers pick their premiumThe move comes just days after NYDIG's FS Select NYDIG Bitcoin Fund became one of three products selected by Morgan Stanley to be offered to its wealthy....
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CNBC has learned that bank giant Morgan Stanley will offer its client access to Bitcoin. According to an internal memo by the banking institution, crypto firm Galaxy Digital and FS NYDIG will enable the product. NYDIG is proud to partner with Morgan Stanley, the first US bank to offer access to #Bitcoin for their wealth […]
A new filing with the SEC indicates that another Morgan Stanley bitcoin fund will stem from the partnership of NYDIG and FS Investments.
An analyst at the New York-based financial services and investment management company Morgan Stanley detailed on Monday that crypto liquidity seems to be recovering. Morgan Stanley’s Sheena Shah highlighted in a note to investors that the stablecoin market capitalization is seeing fewer redemptions for the first time since April. Morgan Stanley Investors’ Note Says Crypto Winter Could Be Thawing, but Re-Leverage Demand Is Still Non-Existent The crypto winter may be starting to warm as institutional investors have halted the redemption of the crypto economy’s top two....
Soros Fund Management, New York Life, and Morgan Stanley have joined Stone Ridge Holdings, Massmutual, FS Investments, and Bessemer Venture Partners to invest in bitcoin-focused investment company NYDIG. They will collaborate on a range of bitcoin-related strategic initiatives, and expect to launch “an explosion of innovation in bitcoin products and services.” Major Companies Want Bitcoin Exposure Major corporations and investment heavyweights have invested in the New York Digital Investment Group (NYDIG), a provider of technology and investment solutions for bitcoin, the group....
Morgan Stanley, a Wall Street investment bank, has gotten exposure to Bitcoin (BTC) through Grayscale, indicating that institutional adoption of digital assets is growing. Morgan Stanley Owns 28k Shares According to a June 28 filing with the US Securities and Exchange Commission, the Morgan Stanley Europe Opportunity Fund, which invests in established and growing firms […]