Multinational investment bank Morgan Stanley enables customers who correspond specific points to reach Bitcoin funds.
Related: Arcane Research drew attention to activation of BTC hodlers
The establishment will introduce 3 of them: two from Galaxy Digital and one from NYDIG and Franklin Square Holdings.Access to these supplies is only possible for the customers whose holdings at the bank are at least $2 M. The minimal investment sum for Galaxy BTC Fund as well as for FS NYDIG Select Fund is $25,000, and for Galaxy Institutional BTC Fund it is $5 M. Besides, the bank sets a deposit limitation to 2.5% of the applicant's net worth.
In early January, Morgan Stanley bought 10,9% stakes at MicroStrategy, a major BTC supporting and investing company.
Although a lot of banks in the U.S. have been showing interest in the crypto industry, this is an unprecedented case when a leading bank like Morgan Stanley unlocks the option of BTC funds. The entity will supposedly make the investing options obtainable in April when the team of advisors completes training programs required for the work with new offerings. Among other major banks viewing integration of more cryptocurrency services are JPMorgan and Goldman Sachs.