New Bitcoin (BTC) Fund Is Coming From Banking Giant Morgan Stanley


Last March, Morgan Stanley became the first major American bank to offer Bitcoin to its customers through three funds, one of which was jointly created by NYDIG and FS Investments.

Last March, Morgan Stanley became the first major American bank to offer Bitcoin to its customers through three funds, one of which was jointly created by NYDIG and FS Investments. A new filing with the U.S. Securities and Exchange Commission (SEC) shows action has been taken for a fourth fund.

The SEC’s June 15 document indicates that the link with the FS NYDIG Institutional Bitcoin Fund has yet to occur. The document states that Morgan Stanley “will charge the issuer certain placement and service fees with respect to the customers it refers to, as disclosed to the relevant customers .”

As detailed in March, Morgan Stanley first launched its service with two funds from Galaxy Digital and one from NYDIG/FS Investments. NYDIG and FS Investments officially announced a partnership that same month.

CoinDesk reported on April 22 that its first NYDIG/FS Investments vehicle, FS NYDIG Select Bitcoin Fund LP, has raised approximately $30 million from investors.

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