Crypto gains more traction among big banks

In March, Morgan Stanley broke ground as the first big American bank to offer its clients exposure to bitcoin via three different funds. Now, in a new filing from the Securities and Exchange Commision (SEC), a forth fund appears to be on the cards.

This filing stems from the partnership between New York Digital Investment Group (NYDIG), an institutional bitcoin solutions provider, and FS Investments, a fund management company. Together they will create the new bitcoin fund, and have said that Morgan Stanley “will receive certain placement and servicing fees with respect to clients it refers to the issuer, as disclosed to the applicable clients.”

Chiming in on crypto adoption, Goldman Sachs is now planning to offer investors options and futures trading in ether, Ethereum’s native cryptocurrency. After a three-year hiatus, this is the latest step in Goldman Sachs’ journey into crypto.