Morgan Stanley is exploring offering a spot Bitcoin ETF after SEC approval. This could attract more investments in ETFs.
Currently, ten spot Bitcoin ETFs trade in the US. Morgan Stanley is conducting due diligence on this move, considering its $1.3 trillion assets under management. The success of these ETFs is evident, with record-breaking trading volumes.
Additionally, Morgan Stanley’s Europe Opportunity Fund may allocate up to 25% of its assets to spot Bitcoin ETFs to diversify its investment strategy and leverage potential growth in the crypto sector.
There is potential for widespread investment in Bitcoin ETFs, and this is highlighted by the importance of major registered investment advisor networks and broker-dealer platforms in driving adoption.
Morgan Stanley’s pioneering move in 2021 is recognized as the first major U.S. bank to offer its affluent clients access to Bitcoin funds.
Former CFO Jonathan Pruzan expressed the bank’s commitment to expanding services in response to growing interest, signaling a proactive stance towards regulatory compliance.
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