Morgan Stanley to Offer Clients Exposure to Bitcoin Funds
And the big news of the morning – aside from millions receiving stimulus checks which a good portion of should flow-into Bitcoin (I’ll be keeping an eye on the price today, for sure) is Morgan Stanley is now going to offer clients (wealthy clients, that is) access to Bitcoin funds
Morgan Stanley to Offer Clients Exposure to Bitcoin Funds: Report
“Morgan Stanley is accelerating its involvement in the cryptocurrency industry.
According to a CNBC report, the $4 trillion wealth management firm is providing high-end clients with access to three funds that enable bitcoin (BTC, -0.32%) ownership. The report cites an internal memo and unnamed sources with knowledge of the matter.
Morgan Stanley has inched into the crypto markets in recent months, becoming a major shareholder in MicroStrategy, the publicly traded business intelligence firm known for buying billions in bitcoin. Morgan Stanley also joined a $200 million investment in bitcoin firm NYDIG earlier this month.”