According to crypto insider AP Abacus, citing his sources at Morgan Stanley, the corporation plans to announce access to a wide range of clients to BTC-ETF as early as next week. Sources say Morgan Stanley is intensively analyzing the implications of adding units of spot Bitcoin ETFs to its brokerage platform.
Morgan Stanley is one of the largest asset managers in the world, managing more than $1.5 trillion in assets.
Bloomberg ETF analyst Eric Balchunas comments on an insider's post. addedthat in addition to Morgan Stanley, the largest Swiss bank, UBS, may join the race for leadership in this segment of the banking market, which has also expressed interest in offering retail and institutional clients access to spot bitcoin ETFs.
Unlike Morgan Stanley, the Swiss banking giant has practical experience in trading shares of exchange-traded funds for the first cryptocurrency. In January, UBC launched the service on a pilot basis for clients with accounts that demonstrate “low risk tolerance in terms of performance and asset servicing.”
Source: Bits
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