• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • MoneyFest (April 19-23, 2021)
    • Blockchain Finance Forum: Europe (April 28-29, 2021)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies and blockchain technologies

The Future of NFTs
Online Talk via Zoom by Disrupt Network. April 8, 2021 (16:00 – 17:00 CET)
  • News
    • Business Wire Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
  • Market
  • TV
  • Press Releases

Morgan Stanley to allow clients to invest in bitcoin funds

March 23, 2021 By Crypto Reporter

Wealthy clients of the U.S. bank will be able to allocate up to 2.5% of its portfolio to cryptocurrency funds

Morgan Stanley has become the first big U.S. bank to offer its wealthy clients the opportunity to have a bitcoin exposure, according to CNBC, referring to a bank internal memo sent to its financial advisors. Two of the funds are from Galaxy Digital, founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG.

The access to bitcoin funds will be open to wealthy clients, whose assets are at least $2 million held by the firm. Morgan Stanley considers the investment suitable for people with “an aggressive risk tolerance”. Investment firms need at least $5 million to qualify for the new option while the accounts have to be at least 6 months old. Investors who get access to crypto funds will be able to stake not more than 2.5% of their total portfolio.

Earlier this month, JPMorgan filed documents with the SEC related to a new investment product tied to a basket of stocks with crypto exposure like MicroStrategy, the software firm that holds bitcoin on its balance sheet, and payments firm Square.

Filed Under: General News, News Tagged With: bitcoin, cryptocurrency, Morgan Stanley, news

Primary Sidebar

Follow Us

Press Releases

Winding Tree launches ORGiD Bot, streamlining digital identity verification between blockchain businesses

April 6, 2021

Obortech Promises to Revolutionize Supply Chain Systems With a Defi Twist

April 5, 2021

Binance and CapBridge Financial sign MoU to Build Strategic Partnership

March 24, 2021

Wisdom announces its upcoming not-to-be-missed blockchain event

March 18, 2021

Old Meets New as NFT Marketplace Mintable Auctions 20th Century Avant-Garde Artwork

March 18, 2021

MoneyFest 2021

Blockchain Finance Forum

Footer

Crypto Reporter is an online magazine about digital currencies and blockchain technologies
About us
Contacts
Partners
Submit press-release
Advertise

Search

2017-2020 Crypto Reporter