It appears that Morgan Stanley, the corporate banking company, has approved Bitcoin. Based on recent information from an “inside note” as reported by CNBC, Morgan Stanley will provide clients with access to Bitcoin (BTC) investments, but only under certain conditions.

“The investment bank, the $ 4 trillion asset management giant, told its financial advisers in a note on Wednesday that it was opening access to three funds allowing Bitcoin ownership, according to people with first-hand knowledge of the matter,” according to CNBC reports. … Wednesday. The opportunity is expected in April, according to the sources.

Interest in bitcoin from recurring financing has grown significantly over the past year or so, with players such as MicroStrategy, Tesla, and Square purchasing large chunks of BTC.

Members of the Morgan Stanley Asset Management Wing can access Bitcoins through the Galaxy Digital’s Bitcoin Fund LP and Institutional Bitcoin Fund LP, as well as through the FS NYDIG Select Fund FS Investments, although distribution is limited to 2.5% of each customer’s total assets. .

Clients must also have certified investor status, hold shares in Morgan Stanley of $ 2 million or more, and maintain a specific account record. The minimum increases to $ 5 million for clients of an investment firm. CNBC noted that each fund also has minimum investment terms.

Bitcoin has come a long way since its inception in 2009. With its value rising from under $ 1 to over $ 60,000, it is now widely recognized that Bitcoin is a viable investment. Bitcoin’s total market cap, surpassing many well-known companies, has exceeded $ 1 trillion. Despite gaining a significant public profile, BTC still has reasons to become one of the staples in the investing world.

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