• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

Morgan Stanley becomes first major U.S Bank offering clients Bitcoin

Olumide AdesinabyOlumide Adesina
2 years ago
in Cryptos, Market Views, Markets
Morgan Stanley becomes first major U.S Bank offering clients Bitcoin
Share on FacebookShare on TwitterShare on Linkedin

America’s elite bank, Morgan Stanley has become the first major bank offering its wealthy customers access to bitcoin funds.

In a report credited to CNBC, Morgan Stanley’s wealth management with about $4 trillion in client assets, informed its financial advisors through an internal memo that it was starting access to three funds that enable ownership of the flagship crypto.

READ: CBN introduces new charges for USSD services with effect from March 16

Such feat is going to boost the world’s most popular crypto asset in the near term at least on the account a leading investment bank with a massive global footprint is providing its clients exposure to Bitcoin.

However, it is critical to note the New York-based investment bank is only allowing its wealthier clients access to the volatile Crypto, as customers with about $2 million by asset qualify for such access.

Though even for those accredited U.S. investors with brokerage accounts and enough assets to qualify, the bank is curbing bitcoin investments to as much as 2.5% of their total net worth.

READ: Bitcoin produces 4 billionaires worth at least $3 billion each

This would further fuel the crypto’s bullish rally presently in play.

Not forgetting that investors are flocking into Bitcoin on the bias that reveals credible institutional investors from Tesla Inc, BlackRock to Square move a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.

READ: Bitcoin on rampage, set to strike $60,0000 again

That being said, it’s key to note that Bitcoin is becoming very scarce, amid the bias that its present supplies are arbitrarily squeezed by strong institutional buying, as recent data reveal Bitcoin’s supply has been dropping for 12 months.

There are currently about 2 million BTCs available in satisfying the high demand for the world’s most demanded financial assets

Tags: BitcoinMorgan Stanley

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

hfm
UBA
Mega Millions
Mega Millions
fidelity banner
HFM







NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Binance operations in Nigeria is illegal – Nigeria’s SEC
  • Meet Adebisi Shonubi, the newly appointed acting CBN Governor
  • What the CBN Act says about suspension of CBN Governor

Follow us on social media:

Recent News

Binance hosts Nigerian Idol street edition on Nigerian university campuses

Binance operations in Nigeria is illegal – Nigeria’s SEC

June 10, 2023
mCash transactions hit N88.56 billion one year after re-launch – NBS  

Meet Adebisi Shonubi, the newly appointed acting CBN Governor

June 9, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In