Morgan Stanley Bets on Bitcoin with ETF Offering for Clients
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- Morgan Stanley opens access to spot Bitcoin ETF trading for wealthy clients.
- This move signals growing institutional interest in Bitcoin and crypto investment.
- Despite recent outflows, Bitcoin ETFs remain a focal point for investors.
Morgan Stanley, a leading investment bank, has taken a significant step in acknowledging the growing demand for spot Bitcoin exchange-traded funds (ETFs). According to a CNBC report on August 2, 2024, the Wall Street giant has instructed its financial advisors to offer Bitcoin ETFs to eligible clients, signaling increased acceptance of crypto within mainstream finance.
Morgan Stanley is reportedly allowing its over 15,000 advisors to invite qualified clients to purchase shares in two spot Bitcoin ETFs—BlackRock’s iShares Bitcoin Trust (IBTC) and Fidelity’s Wise Origin Bitcoin Trust (FBTC). This strategic move, set to initiate on Wednesday, signifies a major shift in the institutional crypto investment landscape.
The launch of spot Bitcoin ETFs in January has spurred a surge in interest and adoption of Bitcoin ETF trading. This success, coupled with the recent launch of spot Ether ETFs, has fueled speculation …
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