Morgan Stanley becomes first major US bank to offer clients access to Bitcoin funds

Morgan Stanley, managing roughly $4 trillion in client assets, told its financial advisors it would offer wealthy clients access to three Bitcoin funds — two from Galaxy Digital and one from FS Investments/NYDIG. The catch: you needed at least $2 million in assets, an "aggressive risk tolerance," and a cap of 2.5% of your net worth, so Wall Street's embrace of Bitcoin came with a velvet rope and a long list of conditions.