How Jim Cramer Wishes More Banks Would Approach Cryptocurrency

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Morgan Stanley, per CNBC, is reportedly the first top-tier U.S. bank to offer customers ownership of bitcoin through funds in a report that cited sources.

The bank will reportedly launch three bitcoin funds in response to customer demand.

CNBC's reporting also found that funds only will be available to clients who have at least a $2 million portfolio with Morgan Stanley and “an aggressive risk tolerance.” Bitcoin investments will be limited to 2.5% of a client's net worth, the sources said.

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