Morgan Stanley Offer Its Wealthy Clients Access to Bitcoin Funds

Posted on by Steven Dobson

The article below was written by Hugh Son, a banking reporter, and published on CNBC on March 17, 2021.

It is a prime example of financial institutions looking out for the rich and leaving the working man and woman out of the equation.

Because a person does not have a certain net worth does not mean they are not willing to take the risk and put their money into an asset that is volatile and can return a huge return on investment.

But when financial institutions like Morgan Stanley talks about asset managers, financial advisors, and wealth managers, they are talking about managing the assets of high-net-worth individuals.

Working men and women do not qualify to talk to asset managers, financial advisors, or wealth managers because they do not have enough money in their bank account to qualify.

It is understandable that high net worth individuals want all their assets managed by one firm, and since the rise of Bitcoin in the last year, they have been clamoring for their financial institution to accommodate their desires.

Regulations about cryptocurrencies needed to be passed or a decision from the SEC had to be made before banks and other financial institutions with a fiduciary responsibility could accommodate their clients.

As the mass adoption of cryptocurrencies picks up speed there are going to be more financial institutions offering a similar service to their high-net-worth clients.

For the working man and woman to take advantage of the wealth being generated in the cryptocurrency space, you are going to have to do it on your own!

With the amount of “Promise to Pay” companies and outright SCAMs online, you are going to be swimming in shark-infested waters with an open wound trying to find a safe place to participate.

Promise to Pay companies will promise to pay you a certain percent either daily, weekly, or monthly if you deposit your cryptocurrency in a wallet controlled by the company.

When they have collected enough cryptocurrency from the unsuspecting public, POOF, they are gone and so is your cryptocurrency.

Watch the video below for information on a company that allows you to maintain control of your cryptocurrency while following one of their Professional Traders to help you earn a passive income from cryptocurrency trading.

https://youtu.be/rJJxZYLXRNA

Read the article below, leave a comment, and subscribe to my blog so that you can be notified when new content is added.

As always, conduct your own due diligence so that you make an educated decision instead of one based on emotions.

The article below can be found at the following website URL:

https://www.cnbc.com/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html

Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds.

https://www.cnbc.com/video/2021/03/17/morgan-stanley-to-offer-some-clients-access-to-bitcoin-funds-sources.html

Published Wed, Mar 17 202111:02 AM EDTUpdated Wed, Mar 17 20218:52 PM EDT

Hugh Son@hugh_son

Share

Key Points

  • The investment bank told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter.
  • Two of the funds on offer are from Galaxy Digital, a crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG.
  • Morgan Stanley is only allowing its wealthier clients access to the volatile asset: The bank considers it suitable for people with “an aggressive risk tolerance” who have at least $2 million in assets held by the firm. Investment firms need at least $5 million at the bank to qualify for the new stakes.

watch now

VIDEO02:20

Morgan Stanley to offer some clients access to bitcoin funds: Sources

Morgan Stanley is the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC has learned exclusively.

The investment bank, a giant in wealth management with $4 trillion in client assets, told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter.

The move, a significant step for the acceptance of bitcoin as an asset class, was made by Morgan Stanley after clients demanded exposure to the cryptocurrency, said the people, who declined to be identified sharing details about the bank’s internal communications. Bitcoin’s rally in the past year has put Wall Street firms under pressure to consider getting involved in the nascent asset class.

But, at least for now, the bank is only allowing its wealthier clients access to the volatile asset: The bank considers it suitable for people with “an aggressive risk tolerance” who have at least $2 million in assets held by the firm.

Some restrictions

Investment firms need at least $5 million at the bank to qualify for the new stakes. In either case, the accounts must be at least 6 months old.

And even for those accredited U.S. investors with brokerage accounts and enough assets to qualify, Morgan Stanley is limiting bitcoin investments to as much as 2.5% of their total net worth, said the people.

Two of the funds on offer are from Galaxy Digital, a crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG.

The Galaxy Bitcoin Fund LP and FS NYDIG Select Fund have minimum investments of $25,000, while the Galaxy Institutional Bitcoin Fund LP has a $5 million minimum.

Clients can likely make investments as early as next month, after the bank’s financial advisors complete training courses tied to the new offerings, said the people.

Goldman Sachs, JPMorgan Chase, and Bank of America’s wealth management divisions do not currently allow their advisors to offer direct bitcoin investments.

Earlier this month, JPMorgan filed documents related to a new debt investment tied to a basket of stocks with crypto exposure like MicroStrategy, the software firm that holds bitcoin on its balance sheet, and payments firm Square.

 

99 thoughts on “Morgan Stanley Offer Its Wealthy Clients Access to Bitcoin Funds”

  3. Scotthox says:

    Perfectly spoken certainly. .
    new michigan online casino 2022 [url=https://bestonlinecasinoreal.us/]riversweeps online casino login[/url] sugarhouse casino online pa

  5. Oscarsawame says:

    Nicely put. Thanks.
    [url=https://essaywritingservicehelp.com/]cheap custom writing service[/url] urgent essay writing service [url=https://essaywritingservicebbc.com/]legit essay writing service[/url] paper writing services legitimate

  6. Haaryphelp says:

    Whoa a good deal of terrific knowledge!
    [url=https://essaywritingservicelinked.com/]essay writer help[/url] best essay writer service [url=https://essaywritingservicetop.com/]free essay writing service[/url] best assignment writing service

  10. Oscarsawame says:

    Nicely put. Cheers.
    [url=https://topswritingservices.com/]best essay service[/url] reliable essay writing service [url=https://essaywriting4you.com/]college papers writing service[/url] college essay writing service

  11. Haaryphelp says:

    Wow many of beneficial information.
    [url=https://helpwithdissertationwriting.com/]best dissertation writing[/url] mba dissertation help [url=https://dissertationwritingtops.com/]cheap dissertation help in los angeles[/url] dissertation writer

  15. Haaryphelp says:

    Regards! I like it!
    [url=https://topswritingservices.com/]writing essays online[/url] writing an analytical essay [url=https://essaywriting4you.com/]essay writing website[/url] essay writing paper

  20. Haaryphelp says:

    This is nicely expressed. !
    [url=https://essayssolution.com/]write essays for me[/url] write my essays for me [url=https://cheapessaywriteronlineservices.com/]write my essay today[/url] write my essays discount code

  22. Oscarsawame says:

    You’ve made your point quite well.!
    [url=https://customthesiswritingservice.com/]thesis paper[/url] define thesis [url=https://writingthesistops.com/]thesis writing[/url] working thesis

  25. Haaryphelp says:

    Fantastic information. Regards!
    [url=https://essayssolution.com/]academic essay writers[/url] write my essay reddit [url=https://cheapessaywriteronlineservices.com/]write my college essays[/url] write me an essay

  27. Oscarsawame says:

    You actually said that superbly.
    [url=https://bestpaperwritingservice.com/]research paper writing service cheap[/url] paper writing service superiorpapers [url=https://bestonlinepaperwritingservices.com/]legit paper writing services[/url] paper writing services for college students

  30. Haaryphelp says:

    You definitely made your point.
    [url=https://customthesiswritingservice.com/]thesis statement[/url] customer service thesis pdf [url=https://writingthesistops.com/]medical thesis writing service india[/url] thesis search

  32. Oscarsawame says:

    Truly lots of superb knowledge.
    [url=https://essaywritingservicelinked.com/]spanish essay writing service[/url] professional essay writing service [url=https://essaywritingservicetop.com/]essay writing companies[/url] writing a college application essay

  35. Haaryphelp says:

    Thanks a lot, A lot of content!
    [url=https://domyhomeworkformecheap.com/]homework help cpm[/url] do my homework [url=https://domycollegehomeworkforme.com/]do my homework[/url] do my homework in spanish

  37. Oscarsawame says:

    You actually said it superbly.
    [url=https://topswritingservices.com/]essay writing service buy[/url] writing an analytical essay [url=https://essaywriting4you.com/]writing an argumentative essay[/url] which essay writing service is the best

  39. Haaryphelp says:

    Really quite a lot of fantastic info.
    [url=https://quality-essays.com/]pay someone to write your paper[/url] buy an essay [url=https://buyanessayscheaponline.com/]pay for essay online[/url] pay for essay

  43. Haaryphelp says:

    Thanks, Ample advice.
    [url=https://essayssolution.com/]write my paper for me[/url] write my paper for me [url=https://cheapessaywriteronlineservices.com/]do my essay free[/url] write my essay

  45. Haaryphelp says:

    Wow plenty of terrific material!
    [url=https://essayssolution.com/]write an essay[/url] what should i write my college essay about [url=https://cheapessaywriteronlineservices.com/]write my research paper for me[/url] what should i write my college essay about

  47. scxcuf says:

    第1701章 凤族篇:一触即发第1701章凤族篇:一触即发“嗯。”帝无涯微颔首，声线比刚才更加沙哑。他那深邃的眸子中，有且仅有一个小脑袋瓜。凤九儿 治疗牛皮癣需要注意什么 抬眸对上他治疗牛皮癣需要注意什么的目光，微微皱眉:“嗯？”“九皇叔，我又没有做错什么事，你为什么要惩罚我？”帝无 陕西银屑病医院 涯伸出节骨分明的长指，炙热的指腹，在凤九儿红肿的粉唇上轻轻抚过。“下次相见，落下印记的地方，不仅仅是唇。”他的气息很热，洒在凤九儿的脸上，痒痒的。凤九儿深吸一口陕西银屑病医院气，敛去了自己的胡思乱想。这家伙，大白天的，想什么呢？好吧，她也会舍不得他的牛皮癣怎么治疗好，只希望，能早日找回爹爹，只希望战争能早日平复。“到……那个时候再说吧，我 牛皮癣怎么治疗好 要

  48. Ccc3x6 says:

    第1214章 孤家寡人“九儿，你偷笑？”小樱桃看着凤九儿，月眉轻挑，“是在想自己的夫君吗？”“不过要是换做是我，有这么多夫君，还一个比一个长得 天断山脉！ 美，一个比一个能力强，我肯定也 x4e5s1cf 会偷笑,天断山脉！。”小樱桃含笑收回视线，看着前方，俨然是忘记了身后还有一个邢子舟。凤九儿放慢脚步，回头看了一眼。看见邢子舟如此脸色,x4e5s1cf，她便知道小樱桃的话，邢子舟是听见了。凤九儿索性停下脚步，让邢子舟先行。乔木也跟着停下脚步，一副等着看好戏的模样,3lqkaqmb。邢子舟眼底，似乎只有那一人向前的小樱桃。他经过凤九儿和剑一，向前，来到小樱得了红皮型牛皮癣该怎样治疗桃身旁。小樱桃似乎感受到不一样 3lqkaqmb 的气息，才收敛了

  49. Cck9x6 says:

    第102章 暴君少年时28第102章暴君少年时28岁月不居，时节如流。一眨眼，道尽世间繁华的大周京城也被秋意包裹，入眼一片金黄。古人都说秋天是收获的季节，实在诚 牛皮癣疾病需要怎么预防比较好呢 不欺人。入秋第一天，盛慕泽的回信抵达京城，伴随着回信一起的 患有牛皮癣在生活上要注意什么 ，还有一份奏折，以及一只以速度闻名天下的海东青。周祁正先拆开给皇后的回信过目，信中措辞言简意赅，只道边疆无战事，他一切安好，已经向皇帝递交奏折申请回朝，若天子同意，今年应该可以回京团聚。看完信，周祁正发出一声意味不明的笑，连看都没看一眼盛慕泽的奏折，直接就扔给底下侯着的太监：“烧了。”他怎么可能让盛慕泽回京？――这辈子都别想回牛皮癣疾病需要怎么预防比较好呢京。视线最后落在被关在 第194章 京都神秘来客 笼

  50. SCa3o2 says:

    第206章 新世界赵灵龙带着三女回到帝踏峰，召集所有女人聚集起来。独孤凤因为要处理家里的事情，所以还没回来，不过卫贞贞 第1858章 九幽宫 却已经上山。大殿中，赵灵龙目光闪烁，盯着一群已经改修功法的女人，心中微微诧异。师妃暄和绾绾不用说，天资不凡竟然已经有了御剑飞行的能力， 牛皮癣都有一些什么危害 只是没有飞剑，所以还做不到这一点罢了。令赵灵龙震惊的是明空这个丫头，竟然后来居上追上了绾绾和师妃暄，浑身上下散发着黑暗气息，眉目间灵动无比，一举一动带着青涩和诱人的风情。不得了！！！赵灵龙深吸口气，不愧是未来的女帝，这份天资比自己可是强了不少的。唯一遗憾的是，师妃暄并没有将自己的徒弟叫回来，甚至隐晦的跟赵灵龙说过，已经将慈航剑典送给了徒弟。她心 红皮型牛皮癣的发病都需要注意什么呢 中

  54. Oscarsawame says:

    With thanks, I value this!
    [url=https://bestpaperwritingservice.com/]order custom paper[/url] custom handwriting paper [url=https://bestonlinepaperwritingservices.com/]best paper writing services[/url] pay someone to write paper

  58. Oscarsawame says:

    You explained this effectively!
    [url=https://service-essay.com/]order custom paper[/url] buy a paper [url=https://custompaperwritingservices.com/]buy a paper[/url] paper writer services

  61. Oscarsawame says:

    You actually stated that terrifically!
    [url=https://writinganessaycollegeservice.com/]professional essay writing service[/url] cheap essay writing service [url=https://essayservicehelp.com/]essay writing tips[/url] writing an opinion essay

  63. Oscarsawame says:

    Info effectively applied!.
    [url=https://researchproposalforphd.com/]research paper helper[/url] proposal introduction [url=https://writingresearchtermpaperservice.com/]term paper help[/url] research paper proposal

  65. Oscarsawame says:

    Useful advice. With thanks.
    [url=https://topswritingservices.com/]essay writting[/url] urgent essay writing service [url=https://essaywriting4you.com/]essay writing service uk[/url] best essay writing service in usa

  66. Oscarsawame says:

    Valuable material. Many thanks.
    [url=https://argumentativethesis.com/]thesis template[/url] good thesis statement [url=https://bestmasterthesiswritingservice.com/]thesis topic[/url] thesis statements

  67. Oscarsawame says:

    Valuable tips. With thanks.
    [url=https://essaywritingservicehelp.com/]best essay writing service[/url] best resume writing service reddit [url=https://essaywritingservicebbc.com/]biology essay writing service[/url] writing essay service

  69. Oscarsawame says:

    Many thanks, Plenty of info!
    [url=https://researchproposalforphd.com/]proposal writing[/url] research paper writers [url=https://writingresearchtermpaperservice.com/]research paper help[/url] elements of a research proposal

  72. Oscarsawame says:

    Very good tips. Thank you.
    [url=https://bestpaperwritingservice.com/]buy college paper[/url] paper writer services [url=https://bestonlinepaperwritingservices.com/]order custom paper[/url] pay for research paper

  75. Oscarsawame says:

    Awesome write ups. With thanks.
    [url=https://payforanessaysonline.com/]pay for essay papers[/url] pay for research paper [url=https://buycheapessaysonline.com/]buy essays online[/url] order essay

  80. Oscarsawame says:

    You’ve made your point extremely nicely!.
    [url=https://phdthesisdissertation.com/]dissertation writing service[/url] dissertation writing [url=https://writeadissertation.com/]dissertations[/url] dissertation writers

  82. Oscarsawame says:

    Awesome info, Kudos!
    [url=https://englishessayhelp.com/]essay writing help[/url] writing helper [url=https://essaywritinghelperonline.com/]argumentative essay[/url] essay writer

  85. Oscarsawame says:

    You’ve made your point.
    [url=https://essaywritingservicelinked.com/]essay writing in english[/url] service to others essay [url=https://essaywritingservicetop.com/]cheapest essay writing service[/url] buy essay service

  90. Oscarsawame says:

    Many thanks. A lot of postings.
    [url=https://theessayswriters.com/]write a essay[/url] writing essays for money [url=https://bestcheapessaywriters.com/]essay writers[/url] write my essay for me free

  95. Oscarsawame says:

    Cheers. Loads of postings!
    [url=https://essaywritingservicelinked.com/]best essay writing service australia[/url] writing an argumentative essay [url=https://essaywritingservicetop.com/]essay writing services[/url] essay writing service usa

  98. Oscarsawame says:

    Many thanks, Numerous facts!
    [url=https://theessayswriters.com/]essay writers[/url] write my thesis for me [url=https://bestcheapessaywriters.com/]write essay[/url] writing essays for money

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>