Wells Fargo (NYSE:WFC) – one of the oldest banks in the United States – has registered a new, pooled investment fund that offers its wealthy clients indirect exposure to Bitcoin (BTC).
Fargo’s filing of a “Notice of Exempt Offering of Securities” — also known as a Form D — with the United States Securities Commission (SEC), reveals that the fund is called “FS NYDIG BITCOIN FUND I,” reflecting the fact that it is being incorporated as a limited partnership with investment services company NYDIG and alternative assets manager FS Investments.