Morgan Stanley Is First Big Bank Offering Bitcoin to Wealthy Clients
Three funds led by Galaxy Digital, FS Investments and NYDIG will give bank customers access to the leading digital asset.
March 17, 2021
Host
Three funds led by Galaxy Digital, FS Investments and NYDIG will give bank customers access to the leading digital asset.
Today on the Brief:
- What markets want from the Federal Reserve’s FOMC meeting
- eToro’s $10B SPAC
- The latest on Coinbase’s IPO
Our main discussion: Morgan Stanley set to become the first big bank to offer wealthy clients access to bitcoin.
In this episode, NLW breaks down this breaking news, including:
- Restrictions on the fund in terms of who can buy and how much they can spend
- Background of the firms partnering with Morgan Stanley
- Why the direct bitcoin exposure is a sea change for institutional investors offering bitcoin products
Image credit: Daniel Acker/Bloomberg/Getty Images
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