Morgan Stanley Opens Bitcoin Market for Wealthy Clients
Mike Blake/Reuters
Main page News, Bitcoin, US, Banking

Morgan Stanley has become the very first US bank to publicly offer its wealthy clients (at least $2 million in assets) access to bitcoin (EXANTE: Bitcoin) funds, CNBC reports, citing the bank's internal memo. The financial institution, that had $715 billion assets under management in 2020, told its financial advisors it is launching access to three funds focused on the cryptocurrency.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Two of the funds on offer are reportedly from Mike Novogratz's Galaxy Digital and the third one is a joint effort from asset manager FS Investments and a blockchain-related company NYDIG. Morgan Stanley's clients can join the cryptocurrency market as early as next month, CNBC noted.

Bitcoin Firm NYDIG Raises $200M from Morgan Stanley, MassMutual

As iHodl earlier reported, Morgan Stanley boosted its stake in MicroStrategy with acquisition of 650,000 shares since Q3 2020. According to a filing with the US Securities and Exchange Commission (SEC), Morgan Stanley now owns 10.9% of MicroStrategy's stocks (792,627).

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close