NYDIG to launch three bitcoin funds for Wells Fargo and JPMorgan clients

NYDIG to launch three bitcoin funds for Wells Fargo and JPMorgan clients

Wealthy clients of leading US banks Wells Fargo and JPMorgan will have access to bitcoin through NYDIG-launched funds. This is indicated by two SEC filings from J.P. Morgan Securities and one from Wells Fargo Clearing Services.

All three represent a pooled investment fund.

One of the structures for JPMorgan will be set up in the Cayman Islands with an entry threshold for outside investors of $100,000. The other two are for US residents, with no investment limit specified.

JPMorgan and Wells Fargo will receive commissions for placing and servicing client funds. NYDIG's assets under management have reached $11bn, according to the firm's website.

Previously reported on rumors that the management company and JPMorgan had concluded a partnership.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod teRecall that in June, NYDIG and FS Investments applied to the SEC to register a bitcoin fund targeting clients of investment bank Morgan Stanley.

In the same month, the firm entered into an agreement with technology giant NCR. The deal will give 650 banks in the US access to cryptocurrencies.mpor incididunt ut labore et dolore magna minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip commodo consequat.

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