Breaking News | Major Bank First Time Ever! Morgan Stanley: To Serve High Net Worth Clients with Bitcoin Fund Investment
According to CNBC, Morgan Stanley bank will assist clients with at least $2 million in assets and a willingness to take on high risk to invest in Bitcoin funds due to customer demand.
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Galaxy Bitcoin Fund/FS NYDIG Select Fund
Which Bitcoin funds will Morgan Stanley be offering? Reportedly, two of them are from Galaxy Digital, while the other one is a collaborative fund from asset management company FS Investments and NYDIG.
Coincidentally, it was just reported today that the CEO of NYDIG claimed that several companies will announce significant positive news next week, which may be related to this.
According to reports, the initial investment for both the first fund from Galaxy, Galaxy Bitcoin Fund LP, and FS NYDIG Select Fund LP is $25,000, while the other institutional Bitcoin fund from Galaxy, Galaxy Institutional Bitcoin Fund LP, requires a minimum investment of $5 million.
It is rumored that this service will launch as early as next month.
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