Rate this post by selecting a number. 1 is the worst and 5 is the best.

Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3667 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Thursday, August 19, 2021 - 3:38 pm:    Wells Fargo on Thursday registered a private bitcoin (BTC, +3.81%) fund with U.S. regulators, becoming the latest mega-bank with an indirect crypto investment vehicle for its wealthiest clients. NYDIG and FS Investments are partnering with Wells Fargo on the offering, according to regulatory documents; the pair have worked together on bitcoin funds before. Wells Fargo gets a cut of sales through two subsidiaries. The new fund, FS NYDIG Bitcoin Fund I, LP, did not have any sales as of Thursday. JPMorgan's passive bitcoin fund was also filed with the Securities and Exchange Commission Thursday. As CoinDesk previously reported, it is also a partnership with NYDIG.