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Morgan Stanley's Bitcoin ETF: A New Era for Investors
Description
Morgan Stanleys first bitcoin-backed ETF, MSBT, attracted over $100 million in its first six days, primarily from self-directed clients. The bank is addressing advisors education gap on bitcoin allocation, with internal training underway. Client demand for regulated bitcoin plays is surging, as seen with BlackRocks IBIT. Morgan Stanley aims to hold bitcoin on their balance sheets and pursue a digital trust charter for direct crypto custody and spot trading.
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