People familiar with the matter: Morgan Stanley is studying whether to add a Bitcoin spot ETF to the brokerage platform

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Cointime2024/02/29 00:27

By:Cointime

Morgan Stanley is conducting due diligence on whether to add bitcoin spot ETF products to its brokerage platform, citing two sources familiar with the matter. One of the sources said that since the US Securities and Exchange Commission (SEC) approved the launch of bitcoin spot ETFs in the United States in January this year, Morgan Stanley has been evaluating the provision of bitcoin spot ETFs to its clients.

There are currently 10 bitcoin spot ETFs trading in the United States, with Grayscale's GBTC, BlackRock's IBIT, and Fidelity's FBTC having the largest assets under management. It is currently unclear which products Morgan Stanley plans to offer its clients. Morgan Stanley currently manages over $150 billion in assets and is the first major US bank to offer bitcoin funds to wealthy clients.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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