The surge in cryptocurrency usage and other decentralized products has created dozens of opportunities for giant institutions. However, since the approval of Bitcoin spot ETFs, the crypto industry has seen an inflow of billions of dollars.
Morgan Stanley seeks to beat UBS in becoming the first wirehouse to approve Bitcoin ETF fully; the company’s plan was uncovered by Andrew (AP_Abacus) on ‘X.’ He notes that the bank “may announce a few days before” its move into Bitcoin ETFs.
UPDATE: several notes from @MorganStanley execs this AM; salty about @UBS post yesterday. They want to be the first wirehouse to fully approve the #Bitcoin ETF’s.
– @MorganStanley may announce a few days before @UBS.– interesting that global banks are talking about $BTC ETF’s…
— Andrew (@AP_Abacus) April 3, 2024
Some leading players that have already debuted the Bitcoin spot ETFs include BlackRock, GrayScale, Fidelity, Ark Invest, and others. In the same thread, Eric Balchunas,
We współpracy z: https://www.thecoinrepublic.com/2024/04/04/morgan-stanley-aims-to-surpass-ubs-and-become-1st-bitcoin-etf-bank/
