Morgan Stanley Takes Bold Step Into Crypto Market, Offering Bitcoin ETFs To Select Clients
Portfolio Pulse from Khyathi Dalal
Morgan Stanley (NYSE:MS) will allow its financial advisors to offer Bitcoin ETFs to select clients, marking a significant shift in its approach to cryptocurrency. The approved ETFs include BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity’s Wise Origin Bitcoin Fund (CBOE: FBTC). This move follows the SEC's approval of 11 spot bitcoin ETFs and contrasts with the cautious stance of other major banks.

August 02, 2024 | 5:24 pm
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Fidelity’s Wise Origin Bitcoin Fund (CBOE: FBTC) is one of the Bitcoin ETFs that Morgan Stanley will offer to select clients.
Fidelity’s Wise Origin Bitcoin Fund being approved by Morgan Stanley is likely to see increased demand and inflows, positively impacting its performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) is one of the Bitcoin ETFs that Morgan Stanley will offer to select clients.
Being one of the Bitcoin ETFs approved by Morgan Stanley, BlackRock’s iShares Bitcoin Trust is likely to see increased demand and inflows, positively impacting its performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley will allow its financial advisors to offer Bitcoin ETFs to select clients, marking a significant shift in its approach to cryptocurrency.
Morgan Stanley's decision to offer Bitcoin ETFs to select clients is a significant move that could attract more high-net-worth individuals interested in cryptocurrency, potentially boosting the bank's revenue and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100