In the latest development morgan stanley
Notably, the firm currently offers indirect exposure to digital assets through investment products such as futures, ETFs, and stocks related to crypto assets. These include Grayscale Bitcoin Trust (GBTC) and ProShares Bitcoin Strategy ETF (BITO).
If implemented, the move would establish E-Trade as one of the largest traditional financial institutions to enter the digital asset trading space, creating direct competition with established crypto exchanges like Coinbase and would turn out to be a massive entry point for mainstream investors interested in trading these assets.
The decision to explore cryptocurrency services is linked to the expected return of US President-elect Donald Trump. Notably, the crypto industry anticipates that the Trump administration will likely bring favorable regulation to the crypto sector. Institutions like Morgan Stanley are among those who are likely to benefit from these changes.
Morgan Stanley has shown strong support for crypto, disclosing ownership of $272 million in spot Bitcoin ETFs by the end of Q3. While it made up only 2% of the firm’s $1.3 trillion assets, it was a significant bet. This investment paid off, as BlackRock’s iShares Bitcoin Trust (IBIT) was later hailed as the greatest ETF launch in history.
The move comes amid the trend of institutional adoption of crypto assets. Other institutions like goldman sachs
Similarly, Spanish banking giant BBVA, through its Turkey-based subsidiary Garanti BBVA Kripto, is all set to roll out crypto trading services to the public after completing a pilot program.
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