Report: Morgan Stanley 'Racing' to Offer Bitcoin ETFs to All Clients

Morgan Stanley is moving to go the archetypal large U.S. banks to connection a spot Bitcoin ETFs to each clients, according to societal media reports.

With $1.5 trillion successful assets nether absorption respectively, Morgan Stanley is 1 of the largest wealthiness managers worldwide. A afloat o.k. Bitcoin ETF trading connected its level would people a pivotal infinitesimal for organization Bitcoin adoption.

The reports travel from Bitcoin insider Andrew connected X and Bloomberg expert Eric Balchunas.

Andrew, an influential Bitcoin commentator, tweeted Morgan Stanley whitethorn denote its Bitcoin ETF listing "days before" rival UBS. He said planetary banks person been urgently discussing adding the products.

Initially skeptical, Bloomberg's Balchunas agreed the firms are playing a "compliance crippled of chicken" connected Bitcoin ETF approvals.

But a UBS spokesperson reached retired to Bitcoin Magazine for comment, stating that “UBS has nary plans to alteration the conditions for offering spot bitcoin ETFs to clients,” and that the supra “social media reports regarding UBS are not accurate.”

A imaginable upcoming Morgan Stanley motorboat would people a large milestone for Bitcoin's mainstream acceptance. Morgan Stanley adding BTC ETF trading would beryllium a stunning U-turn aft CEO James Gorman said past twelvemonth helium didn't deliberation Bitcoin had overmuch uptake arsenic an organization plus class.

Access could beryllium imminent, pending strict compliance reviews. But a greenish airy would inactive correspond a watershed infinitesimal for Bitcoin.

Major wealthiness managers offering ETF trading would convey increasing assurance successful Bitcoin's longevity and exposure millions of caller investors to the market. Being a person successful Bitcoin ETFs could pull billions successful caller lawsuit assets. The moves besides awesome increasing assurance successful Bitcoin's longevity among the world's banking elite.

The accelerating FOMO to connection spot Bitcoin ETFs for giants similar Morgan Stanley further validates Bitcoin's promise. Other wealthiness managers volition apt rapidly travel their lead.

As crippled mentation takes hold, Bitcoin's march towards the mainstream fiscal strategy gains irresistible momentum. Significant slope adoption whitethorn beryllium person than galore imagine.