Morgan Stanley To Support Bitcoin Funds

A recent report from CNBC has indicated that Morgan Stanley, one of the biggest banks in the United States, will soon offer access to bitcoin funds to its wealth management clients. According to the report, the bank would be granting its clients access to three funds that facilitate ownership of bitcoin.

Two of these funds are from Galaxy Digital — the parent company of Grayscale Investment — and the third is from FS Investments and bitcoin-focused company NYDIG.

This development is an especially notable indication of the growing acceptability of the leading cryptocurrency asset as a viable option for investment. It was likely necessitated by a growing clamor for exposure to bitcoin from Morgan Stanley’s clients.

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