What are the best bitcoin funds?

Two of the funds on offer are from Galaxy Digital, a crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG. The Galaxy Bitcoin Fund LP and FS NYDIG Select Fund have minimum investments of $25,000, while the Galaxy Institutional Bitcoin Fund LP has a $5 million minimum.

Why did MassMutual invest $5 million in Bitcoin?

The company purchased its Bitcoin through the New York Digital Investment Group (NYDIG) and took a $5 million minority equity stake in the fund management outfit. In a press release, MassMutual said that the investment gives it a "measured yet meaningful exposure to a growing economic aspect of our increasingly digital world."

Is Morgan Stanley the first bank to offer bitcoin?

Morgan Stanley is the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC has learned exclusively.

What is the minimum investment for the Galaxy bitcoin fund?

The Galaxy Bitcoin Fund LP and FS NYDIG Select Fund have minimum investments of $25,000, while the Galaxy Institutional Bitcoin Fund LP has a $5 million minimum. Clients can likely make investments as early as next month, after the bank’s financial advisors complete training courses tied to the new offerings, said the people.