[Taklimakan Blog] Bitcoin Investment Fund Will Be Created for Morgan Stanley Clients

New York Digital Investment Group (NYDIG) and FS Investments have already filed a relevant application with the US Securities and Exchange Commission (SEC)

Digital asset management companies New York Digital Investment Group (NYDIG) and FS Investments will create a Bitcoin fund that only Morgan Stanley investment bank clients can use. The corresponding application was filed with the US Securities and Exchange Commission (SEC). The fund will be the fourth cryptocurrency-based instrument that Morgan Stanley clients can invest in. The application says the bank will receive a portion of the investor service fees.

In March, Morgan Stanley became the first major US bank to allow its clients to invest in cryptocurrency-based instruments. In the spring, the bank’s clients got access to three bitcoin funds.

Only wealthy clients who have assets worth at least $2 million have gained access to bitcoin funds. Morgan Stanley believes that such a volatile asset is suitable for investors with “aggressive risk tolerance.”