Morgan Stanley To Provide BTC Fund Access for Wealthy Clients
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CNBC is reporting that Morgan Stanley - one of the US's largest banks - will soon provide its wealthy clients (at least $2mm on deposit) access to 3 bitcoin funds: two from Galaxy Digital, and one from NYDIG.
CNBC calls the move 'a significant step for the acceptance of bitcoin as an asset class', explaining:
...clients demanded exposure to the cryptocurrency, said the people, who declined to be identified sharing details about the bank’s internal communications. Bitcoin’s rally in the past year has put Wall Street firms under pressure to consider getting involved in the nascent asset class.
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