Morgan Stanley, a $1.5 trillion asset manager, is reportedly in a race with UBS to become the first major US bank to fully approve Bitcoin ETFs for advisors to proactively offer to any client, including those beyond high net worth individuals who currently have access. Internal notes and statements from executives at Morgan Stanley express their ambition to beat UBS in this competition, highlighting the significance of the race among global banks for Bitcoin ETF approval. This move is seen as a major step for the broader acceptance and integration of Bitcoin ETFs into traditional banking platforms, with both banks currently going through the compliance process and aiming to add Bitcoin ETFs to their platforms as early as next week. The approval of Bitcoin ETFs by a major bank such as Morgan Stanley or UBS could potentially lead to a domino effect, prompting other banks to follow suit.
Breaking: According to crypto insider Andrew AP Abacus, both Morgan Stanley and UBS are set to add Bitcoin ETFs to their platform next week. 👀 Morgan Stanley is hoping to beat UBS in becoming the first wirehouse to fully approve the Bitcoin ETF, crypto enthusiast Andrew… https://t.co/17JZCPVf0v
Morgan Stanley eyes being the first bank to add #bitcoin ETFs - Report 🏦👀💰 Click below for the full story 👇👇👇 https://t.co/0XUMgqrFid https://t.co/Lak5ohaXbf
BREAKING 🚨NEWS: $1.5 TRILLION asset manager Morgan Stanley reportedly "racing" to offer #Bitcoin ETFs to ALL clients https://t.co/gql4prxWEy
BIG BANKS LIKE MORGAN STANLEY AND UBS ARE DESPERATE TO SUPPORT BITCOIN ETFS - Major traditional banks including Morgan Stanley and UBS are in competition to become the first major bank to add the 2024-approved spot #Bitcoin ETFs to their platform. - The matter was first… https://t.co/OziYZ2en3U https://t.co/qdDE5kFzcl
🚨JUST IN: MORGAN STANLEY AND UBS FIGHTING TO BE FIRST BANK TO ADD #BITCOIN ETFS
NEW: Morgan Stanley wants to be the first US brokerage to fully approve #Bitcoin ETFs for advisors to proactively offer it to ANY client. Bitcoin ETFs are currently available at MS to high net worth clients only, but cannot be offered unsolicited. https://t.co/Sucrlmd5vI
NEW: Morgan Stanley wants to be the first US bank to fully approve #Bitcoin ETFs for advisors to proactively offer it to ANY client. They are in a race with UBS to approve Both going through compliance process now. First major brokerage to approve will likely lead to ALL doing… https://t.co/BODe72nfe2
RUMORS: Morgan Stanley execs aim to beat UBS as first wirehouse with #Bitcoin ETF approval. Internal notes reveal they're salty about UBS's recent post and see the race for #Bitcoin ETFs as a competition. H/T: @AP_Abacus https://t.co/qevCsrVhEJ
UPDATE: several notes from @MorganStanley execs this AM; salty about @UBS post yesterday. They want to be the first wirehouse to fully approve the #Bitcoin ETF's. - @MorganStanley may announce a few days before @UBS. - interesting that global banks are talking about $BTC ETF's…
Breaking: @BitwiseInvest CIO Matt Hougan @MattHouganDM wants the SEC to delay the Ethereum ETF approval. Hougan argues that the asset management industry is too focused on bitcoin products to provide ether ETFs the necessary attention to thrive. https://t.co/f3B4lhUdMP https://t.co/x3uWPdL5pm
According to Forbes, Bitwise wants the U.S. SEC to delay Ethereum spot ETF approval until December. Bitwise CIO Matt Hougan believes that the asset management industry is too focused on Bitcoin products to provide the necessary attention for the development of an Ethereum ETF.…