All want his cake the name BTC, for this the Morgan Stanley, the American Banking giant has become the latest financial institution to start offering a Bitcoin Fund to its institutional clients. The banking giant would offer three funds to its clients to help them gain exposure to Bitcoin, two of these funds on offer are from Galaxy Digital, and the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG.

Morgan Stanley announced on Wednesday in an internal memo sent out to its financial advisors. The banking giant has over $4 trillion worth of assets under its management and its new bitcoin fund would be available to its wealthy clients only.

The firm said their new bitcoin fund would be 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.

Why? For this:

Morgan Stanley’s decision to offer Bitcoin exposure to its wealthy clients does not come as a complete surprise given the growing demand for Bitcoin has forced many traditional giants to either offer direct bitcoin exposure or via investment in firms such as MicroStrategy and Tesla which owns Bitcoin in their treasury.

We want to buy BTC for the bad banks and they now want to eat the BTC in his business

Really? 

This is irony :)