Morgan Stanley Bitcoin Fund Draws $29.4M in 2 Weeks, Filings Show

CoinDesk2021-04-22

Morgan Stanley’s new bitcoin product is already one of the largest funds of its kind by investor count.Morgan Stanley CEO James Gorman(Christinne Muschi/Bloomberg via Getty Images)One of Morgan ...

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Comments

HappyTrade
2021-04-23
HappyTrade
Like?
James3128
2021-04-23
James3128
Test
KRPK
2021-04-23
KRPK
Wow. Just a few years ago... BTC was considered....... lol
Kelvinyoon26
2021-04-23
Kelvinyoon26
Like and comment
- Yugi:
  Ok. Pls Reply
虎旺猪
2021-04-23
虎旺猪
Continue buy bitcoin with 100x leverage
- Kelvinyoon26:
  Comment
andrew123
2021-04-23
andrew123
With more mainstream fund mgr looking to go to crypto, hopefully crypto will continue uptre.nd

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When news of the institutional stalwart’s bitcoin offering broke last month, it kicked Wall Street’s crypto musings into high gear.The early returns for “FS NYDIG Select Bitcoin Fund LP” indicate investors are indeed hungry for accessing bitcoin products through their institutional managers. Passive funds like Morgan Stanley’s fare give clients unwilling to custody their own keys an easy way into the asset class.In just 14 days, Morgan Stanley’s FS/NYDIG fund has become one of the most popular private bitcoin vehicles, beating out far-older industry offerings from Pantera and Galaxy by investor count, according to fund data compiled by CoinDesk. (Galaxy is also accepting bitcoin investments from Morgan Stanley in a pre-existing fund.)Seeking exposure to bitcoin via fund is not without its drawbacks. Morgan Stanley limits clients’ bitcoin bets to 2.5% percent of their total net worth. They must have at least $2 million in net worth. And they must pay an upfront placement fee of 3% for bitcoin investments under $250,000, according to offering documents obtained by CoinDesk.The average investment in Morgan Stanley’s new bitcoin fund was around $91,000. Morgan Stanley will receive placement fees, according to the regulatory documents.Morgan Stanley declined to comment. 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Just a few years ago... BTC was considered....... lol","listText":"Wow. Just a few years ago... BTC was considered....... lol","text":"Wow. Just a few years ago... BTC was considered....... lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376248267","repostId":1194377792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":376226203,"gmtCreate":1619133519902,"gmtModify":1704720026632,"author":{"id":"3558581504257803","authorId":"3558581504257803","name":"Kelvinyoon26","avatar":"https://static.tigerbbs.com/17c18f026fcaa77f437cb20f39e1b4ef","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3558581504257803","authorIdStr":"3558581504257803"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/376226203","repostId":1194377792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4107188,"gmtCreate":1619133682097,"gmtModify":1680785185123,"authorId":3571564059182465,"author":{"id":3571564059182465,"idStr":"3571564059182465","authorId":3571564059182465,"name":"Yugi","avatar":"https://static.tigerbbs.com/db4e68dadfa83a895d87b4724c779fd6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":376226203,"type":1,"supId":0,"prevId":0,"content":"Ok. Pls Reply","text":"Ok. Pls Reply","html":"Ok. Pls Reply"}],"langContent":"EN"},{"id":376264684,"gmtCreate":1619133129548,"gmtModify":1704720016105,"author":{"id":"3566383397179750","authorId":"3566383397179750","name":"虎旺猪","avatar":"https://community-static.tradeup.com/news/d7d190c4f973b8800a3e92fda5c0eff5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566383397179750","authorIdStr":"3566383397179750"},"htmlText":"Continue buy bitcoin with 100x leverage","listText":"Continue buy bitcoin with 100x leverage","text":"Continue buy bitcoin with 100x leverage","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/376264684","repostId":1194377792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4107151,"gmtCreate":1619133529324,"gmtModify":1680785185502,"authorId":3558581504257803,"author":{"id":3558581504257803,"idStr":"3558581504257803","authorId":3558581504257803,"name":"Kelvinyoon26","avatar":"https://static.tigerbbs.com/17c18f026fcaa77f437cb20f39e1b4ef","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":376264684,"type":1,"supId":0,"prevId":0,"content":"Comment","text":"Comment","html":"Comment"}],"langContent":"EN"},{"id":376261209,"gmtCreate":1619132827101,"gmtModify":1704720009315,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"With more mainstream fund mgr looking to go to crypto, hopefully crypto will continue uptre.nd","listText":"With more mainstream fund mgr looking to go to crypto, hopefully crypto will continue uptre.nd","text":"With more mainstream fund mgr looking to go to crypto, hopefully crypto will continue uptre.nd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376261209","repostId":1194377792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":113,"commentSize":32,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1194377792"}