The investment firms are buying the company from backers including Genstar Capital, Aquiline Capital and Atlas Merchant Capital.
The actively managed fund is expected to be available as soon as this summer, and NYDIG will be the custody provider.
Republicans are likely to oppose the tax increases en masse, but the White House is also risking a struggle with Democratic lawmakers who want the administration to address the $10,000 cap on state and local tax deductions.
Big banks' finance work involving environmental, social and governance projects saves them a lot on taxes.
The administration reportedly is considering boosting the tax rate on the capital gains to 39.6% from the current base rate of 20%.
At international summit, President Joe Biden says US will double climate assistance to developing countries and cut 50% of domestic emissions by 2030.
Agency officials reportedly are looking at ways to increase transparency for the types of derivative bets that sank Archegos Capital Management.
The bank's analysts credit the global pandemic with stirring investor demand for companies doing good, and also cite the frenzy for tech-focused thematic funds, many of which fall within the environmental, social and governance category.
Citigroup plans to 'double down on wealth,' while Merrill's account balances surged 31%.
The cryptocurrency fell by as much as 15% Sunday, after hitting a record high of more than $64,000 last week, and rival coins like Ether and XRP also plunged.
