Morgan Stanley, the American Banking giant has become the latest financial institution to start offering a Bitcoin Fund to its institutional clients. The banking giant would offer three funds to its clients to help them gain exposure to Bitcoin, two of these funds on offer are from Galaxy Digital, and the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG.
The banking giant has over $4 trillion worth of assets under its management and its new bitcoin fund would be available got wealthy clients only. The firm said their new bitcoin fund would be suitable for people with “an aggressive risk tolerance” who have at least $2 million in assets held by the firm. Investment firms need at least $5 million at the bank to qualify for the new stakes.
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