3/17, 4:39 PM (Source: TeleTrader)
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Morgan Stanley 1st big US bank to provide access to Bitcoin funds - report

Morgan Stanley has enabled access to three funds that provide the bank's wealth management clients with the possibility of Bitcoin ownership, CNBC reported on Wednesday citing people familiar with the matter.

The report cited an internal memo, noting that Morgan Stanley is considering the service for people with an "aggressive risk tolerance" who have at least $2 million in assets held by the company. Two funds included in the offer are from Galaxy Digital, while the third comes from FS Investments and NYDIG.

However, there are reportedly some restrictions when it comes to the offer. Investment firms need to have a minimum of $5 million at the bank to qualify for new stakes, with the accounts being old for more than six months.

Breaking the News / ND