According to a CNBC report, Morgan Stanley is about to offer exposure to bitcoin funds to its high net worth clients. The bank has briefed its financial advisors that it will provide access to two Galaxy Digital funds run by Mike Novogratz and a third FS NYDIG Select Fund.
However, they will only be made available to clients with $2 million in assets and it will be limited to 2.5% of the person’s net worth, given the volatility.
The news is not a big surprise as Morgan Stanley invested in NYDIG’s recent $200 million fund raising.
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