Morgan Stanley becomes first major US bank to offer its wealthy clients access to Bitcoin funds

Global Economy

Reuters
17 March, 2021, 09:20 pm
Last modified: 17 March, 2021, 09:21 pm

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Morgan Stanley becomes first major US bank to offer its wealthy clients access to Bitcoin funds

In an internal memo, the bank told its financial advisers it would launch access to three funds allowing ownership of Bitcoin

Reuters
17 March, 2021, 09:20 pm
Last modified: 17 March, 2021, 09:21 pm
A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo
A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo

Morgan Stanley has become the first big US bank to offer its wealth management clients access to Bitcoin funds, CNBC reported on Wednesday.

In an internal memo, the bank told its financial advisers it would launch access to three funds allowing ownership of Bitcoin, the report said. 

Morgan Stanley did not immediately respond to a Reuters request for comment.

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