Wells Fargo has registered a private Bitcoin fund: CoinDesk | Crypto Craft

  • Wells Fargo has registered a private Bitcoin fund: CoinDesk

Added at 9:26am

  • Wells Fargo Launches Passive Bitcoin Fund for Wealthy Clients

    From coindesk.com

    Wells Fargo on Thursday registered a private bitcoin (BTC, +0.02%) fund with U.S. regulators, becoming the latest mega-bank with an indirect crypto investment vehicle for its wealthiest clients. • A source familiar with the matter told CoinDesk the new fund is passive, a break from earlier reports that Wells Fargo would pitch wealthy investors with an actively managed offering. • 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 ... (full story)

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BTCmailman
Aug 19, 2021 9:31am
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But are the clients actually aware they are invested in the fund? https://www.nbcnews.com/news/all/wells-fargo-pay-3-billion-over-fake-account-scandal-n1140541

I wonder if this is why Berkshire dumped all of their WFC recently. Can't stomach the rat poison in their portfolio!
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