Morgan Stanley’s wealth management clients may soon have even more options for getting into Bitcoin.
New York Digital Investment Group (NYDIG), a „financial services firm dedicated to Bitcoin,” and FS Investments have filed paperwork with the US Securities and Exchange Commission (SEC) for a pooled investment fund aimed at clients of US mega-bank Morgan Stanley.
Such funds allow companies and/or people to get exposure to Bitcoin’s price without taking custody of the asset. The funds do that, more or less, by tracking the price of BTC and adding on a management fee—though some funds can trade at a premium or discount compared to their underlying asset.
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According to the SEC filing, Morgan Stanley „will receive certain placement and servicing fees with respect to clients it refers to the issuer.”
The FS NYDIG Institutional Bitcoin Fund LP would be the fourth Morgan Stanley-linked fund that provides institutional clie
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