Global #Morgan Stanley

Following Bitcoin's spectacular 2024, with prices exceeding $100,000, and growing pressure from traditional finance investors, several Nasdaq and NYSE-listed companies are signaling their intent to increase their cryptocurrency holdings.

In a significant move reflecting the burgeoning interest in cryptocurrency, Morgan Stanley has begun offering its clients indirect exposure to Bitcoin through exchange-traded funds (ETFs).

Interest in Bitcoin ETFs is gaining substantial traction on Wall Street, as major financial institutions and hedge funds significantly alter their crypto holdings.

Morgan Stanley, the largest wealth manager in the United States, could be in hot water with regulators following its decision to allow financial advisers to promote Bitcoin exchange-traded funds (ETFs) to high-net-worth clients.

In response to growing client interest in cryptocurrency investments, Wells Fargo is set to enable its advisors to offer Bitcoin ETFs to a select group of clients. This move aligns with a broader trend among financial institutions to integrate Bitcoin and other cryptocurrencies into their investment offerings.

In a significant development for both traditional finance and cryptocurrency, Morgan Stanley has reportedly authorized its wealth advisors to offer Bitcoin exchange-traded funds (ETFs) to high-net-worth clients.