Institutional interest and adoption significantly increased after Spot Bitcoin ETFs (exchange-traded funds) were approved in the US. As a result, Morgan Stanley and UBS have entered a race to add crypto products to their platforms.
Morgan Stanley Meets Competition
As reported by Bitcoinist, the news was broken by crypto commentator Andrew from Arch Public on March 26. The information revealed that the financial giant Morgan Stanley approved Bitcoin ETFs on its platforms.
Several sources inside the banking titan confirmed that the approval would come in two weeks. Moreover, the crypto commentator affirmed that his sources included insiders from Bitcoin ETF firms and legal individuals adjacent to both.
A Tuesday update on the situation revealed that another financial titan, the multinational investment bank UBS, joined the race to offer spot Bitcoin ETFs. The news was first shared on Scott Melker’s show.
According to the X post, UBS was set to include BTC ETFs on its platf
We współpracy z: https://bitcoinist.com/who-will-go-first-morgan-stanley-salty-as-ubs-joins-the-bitcoin-etf-race/
