U.S. markets closed
  • S&P 500

    4,173.85
    +61.35 (+1.49%)
     
  • Dow 30

    34,382.13
    +360.68 (+1.06%)
     
  • Nasdaq

    13,429.98
    +304.99 (+2.32%)
     
  • Russell 2000

    2,224.63
    +53.68 (+2.47%)
     
  • Crude Oil

    65.51
    +1.69 (+2.65%)
     
  • Gold

    1,844.00
    +20.00 (+1.10%)
     
  • Silver

    27.50
    +0.46 (+1.69%)
     
  • EUR/USD

    1.2146
    +0.0062 (+0.51%)
     
  • 10-Yr Bond

    1.6350
    -0.0330 (-1.98%)
     
  • GBP/USD

    1.4102
    +0.0050 (+0.36%)
     
  • USD/JPY

    109.3470
    -0.0870 (-0.08%)
     
  • BTC-USD

    48,629.05
    -246.44 (-0.50%)
     
  • CMC Crypto 200

    1,398.33
    +39.77 (+2.93%)
     
  • FTSE 100

    7,043.61
    +80.28 (+1.15%)
     
  • Nikkei 225

    28,084.47
    +636.46 (+2.32%)
     

Morgan Stanley Confirms Wealth Management Clients Have Access to 2 Crypto Funds

  • Oops!
    Something went wrong.
    Please try again later.
Nate DiCamillo
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

Morgan Stanley has confirmed it is offering its wealth management clients exposure to bitcoin by way of a pair of external crypto funds.

In its first-quarter earnings call, the $4 trillion wealth management firm’s CFO, Jonathan Pruzan, said the bank is allowing qualified investors to gain access to two passive funds. 

“As we see more interest, we’ll work with regulators to provide services we think are appropriate,” Pruzan said of its crypto services. 

Related: Here Are All the Institutions That Bought Bitcoin While You Weren't Paying Attention

CNBC reported in March the Morgan Stanley funds are open to individual investors with at least $2 million or investment firms with at least $5 million. The bank put a cap on bitcoin investments, only allowing individual investors to put 2.5% of their net worth into the asset.

Two of the funds are from Galaxy Digital and the other is a joint effort from FS Investments and NYDIG, according to the CNBC report.

Morgan Stanley did not confirm on the earnings call which funds were involved.

Related Stories