Morgan Stanley Set To Offer Clients Access To Bitcoin Funds
One of the biggest investment banks in the U.S. will allow clients to invest in bitcoin funds, signaling a new attitude toward the asset.A recent report from CNBC has indicated that Morgan Stanley, one of the biggest banks in the United States, will soon offer access to bitcoin funds to its wealth management clients. According to the report, the bank would be granting its clients access to three funds that facilitate ownership of bitcoin.Two of these funds are from Galaxy Digital — the parent company of Grayscale Investment — and the third is from FS Investments and bitcoin-focused company....
Related News
One of the largest U.S. investment banks, Morgan Stanley, will be offering its wealth management clients access to bitcoin funds. Goldman Sachs, JPMorgan Chase, and Bank of America’s wealth management divisions do not currently allow their advisors to offer direct investment in bitcoin funds. Morgan Stanley to Offer Wealth Clients Access to Bitcoin Funds Investment bank Morgan Stanley, with $4 trillion in client assets, has become the “first big U.S. bank to offer its wealth management clients access to bitcoin funds,” CNBC reported Wednesday. The firm reportedly told its....
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 […]
More tailwinds for Bitcoin's bullish bias come from Morgan Stanley's latest revelation that it would offer its clients access to three Bitcoin funds.
In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission (SEC) to gain exposure to BTC. Per the document, 12 of Morgan Stanley’s investment funds will allocate capital in BTC financial products. Morgan Stanley’s investment funds eligible to gain indirect exposure to […]
Former SEC Chief of Internet Enforcement John Reed Stark has stated that Morgan Stanley’s latest move to introduce a wide-scale offer of Bitcoin exchange-traded funds (ETFs) to its clientele will likely result in higher regulatory scrutiny for the American bank. This development comes amidst several commendations of Morgan Stanley from the crypto community in implementing […]