In March, Morgan Stanley became the first big American bank to offer its clients exposure to bitcoin through a trio of funds, one of which was jointly created by NYDIG and FS Investments.
A new filing from the Securities and Exchange Commission (SEC) indicates that a fourth fund will be made available.
Sales connected to the FS NYDIG Institutional Bitcoin Fund LP have yet to take place, per the June 15 document, described as a new notice. The filing notes that Morgan Stanley "will receive certain placement and servicing fees with respects to clients it refers to the issuer, as disclosed to the applicable clients."
As detailed back in March, Morgan Stanley initially went live with its offering with two funds from Galaxy Digital and one from NYDIG/FS Investments. NYDIG and FS Investments formally announced a partnership that same month.
CoinDesk reported on April 22 that the initial NYDIG/FS Investments vehicle, the FS NYDIG Select Bitcoin Fund LP, had attracted nearly $30 million from investors.