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Wells Fargo has registered a private Bitcoin fund: CoinDesk

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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 fund, FS ... (full story)

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