Morgan Stanley alerted its wealth management advisors Wednesday that the Wall Street giant will begin offering access to at least one bitcoin-related fund to accredited wealth management clients.
It’s the latest sign of bitcoin adoption on Wall Street and a big development for the cryptocurrency in the wealth management channel. Morgan Stanley’s wealth management unit boasts 16,000 advisors, managing some $2.3 trillion in client assets.
According to a source at the bank, the firm could offer clients access to funds operated by NYDIG or Galaxy Digital.
