{"id":33047,"date":"2024-06-25T17:01:55","date_gmt":"2024-06-25T17:01:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/just-in-morgan-stanley-to-greenlight-bitcoin-etfs-for-all-clients-across-their-platform\/"},"modified":"2024-06-25T17:01:55","modified_gmt":"2024-06-25T17:01:55","slug":"just-in-morgan-stanley-to-greenlight-bitcoin-etfs-for-all-clients-across-their-platform","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/just-in-morgan-stanley-to-greenlight-bitcoin-etfs-for-all-clients-across-their-platform\/","title":{"rendered":"Just in: Morgan Stanley to greenlight Bitcoin ETFs for all clients across their platform"},"content":{"rendered":"<p><b>(Originally posted on : Invezz )<\/b><br \/>\n<\/p>\n<div>\n<p>The latest Morgan Stanley\u2019s crypto-related news triggered optimism in the digital assets space as Bitcoin struggles to escape the $60K vicinity to the upside.<\/p>\n<p><span class=\"news-article-by-paragraph \"><\/p>\n<p><strong><em>Are you looking for signals &amp; alerts from pro-traders? <a href=\"https:\/\/invezz.com\/signals\/?block=news-single&amp;component=np_iccta_p&amp;fragment=text-link&amp;guid=MTY5OTI3NA==\">Sign-up to Invezz Signals\u2122 for FREE<\/a>. Takes 2 mins.<\/em><\/strong><\/p>\n<p><\/span><\/p>\n<p>X updates reveal that the US-based banking giant will likely approve Bitcoin exchange-traded funds across their wealth management platform.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>All Morgan Stanley clients can expect to interact with BTC ETFs by August-end.<\/p>\n<p>That marks a crucial milestone for the bank, Bitcoin, and the overall cryptocurrency sector. <\/p>\n<p>The move underscores Morgan Stanley\u2019s dedication to offering its clients top-notch financial products.<\/p>\n<p>It follows developments that the bank could <a href=\"https:\/\/invezz.com\/news\/2024\/04\/25\/morgan-stanley-may-soon-allow-brokers-to-recommend-bitcoin-etfs-to-clients\/\">allow thousands of brokers to recommend BTC exchange-traded funds to customers<\/a>.<\/p>\n<p>Further, the trillion-dollar firm authorizing Bitcoin ETFs will boost BTC\u2019s adoption, translating to solid growth for the crypto.<\/p>\n<h2 class=\"wp-block-heading\" id=\"morgan-stanley-and-bitcoin-investments\">Morgan Stanley and Bitcoin investments<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>The wealth manager has showcased interest in crypto assets lately. <\/p>\n<p>Nearly a month ago, SEC files revealed the company\u2019s $269.9 million worth of investments in spot BTC ETFs.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Morgan Stanley Holds Nearly $270M Bitcoin ETF<\/p>\n<p>Investment banking giant Morgan Stanley disclosed investments worth millions in Grayscale&#8217;s spot Bitcoin e ETF, GBTC, according to a filing with the U.S. Securities and Exchange Commission (SEC). (ibtimes) <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptocurrecy?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptocurrecy<\/a><\/p>\n<p>\u2014 idefend (@idefend3) <a href=\"https:\/\/twitter.com\/idefend3\/status\/1792573585011118308?ref_src=twsrc%5Etfw\">May 20, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The bank had invested the amount in Grayscale\u2019s Bitcoin Trust ETF (GBTC) in Q1 2024.<\/p>\n<p>The amount made Morgan Stanley among the top institutions holding GBTC, second to Susquenamma International Group\u2019s $1.8 billion.<\/p>\n<p>Morgan\u2019s allocation underscored its confidence in Bitcoin as a viable asset in investor portfolios. <\/p>\n<p>It joined leading banks like Royal Bank of Canada, BNP Paribas, and JPMorgan, who revealed their BTC ETF purchases.<\/p>\n<p>Now, Morgan Stanley plans to approve Bitcoin ETFs for all customers in their wealth management platform.<\/p>\n<h2 class=\"wp-block-heading\" id=\"bitcoins-current-price-action\">Bitcoin\u2019s current price action<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>The bellwether crypto flashes recovery signals after Monday\u2019s sudden dip sent it from around $64K to $60K.<\/p>\n<p>BTC changed hands at $61,700.78 at press time, gaining 1.65% over the past day.<\/p>\n<figure class=\"wp-block-image inv-component-break-container size-full\"><figcaption class=\"wp-element-caption\">BTC 1D Chart on Coinmarketcap<\/figcaption><\/figure>\n<p>Nonetheless, it lost nearly 5% of its value within the past week, indicating bearish tendencies.<\/p>\n<p>Various factors contribute to Bitcoin\u2019s current sluggish performance.<\/p>\n<p>Mt.Gox expected liquidations, miner sell-offs, and enormous BTC ETF outflows saw negative sentiment plaguing the market.<\/p>\n<p>Thus, Morgan Stanley\u2019s move to authorize Bitcoin ETFs for its clients instills confidence about BTC\u2019s potential recovery.<\/p>\n<p><img class=\"ss-hidden-pin-image\" alt=\"morgan stanley q4 earnings release\" src=\"https:\/\/invezz.com\/news\/2024\/06\/25\/morgan-stanley-to-greenlight-bitcoin-etfs-for-all-clients-across-their-platform\/\" data-pin-media=\"https:\/\/invezz.com\/wp-content\/uploads\/2023\/10\/71008261-m-normal-none-scaled.jpg\" data-pin-description=\"Just in: Morgan Stanley to greenlight Bitcoin ETFs for all clients across their platform\" style=\"display:none\"\/><\/p>\n<div class=\"advert-reload flex flex-wrap mb-4 inv-advert inv-advert-news inv-component-break-container bg-grey-100 px-4 pt-4 pb-3 \" data-advertid=\"1244463\" data-advert=\"news-single\" data-offertype=\"\">\n<p>\n<span class=\"bg-grey-900\" style=\"opacity: 0.3; width: 100%; height: 100%; position: absolute; top: 0; right: 0;\"\/><br \/>\n<span class=\"text-white relative z-10\" style=\"opacity: 1\">Ad<\/span>\n<\/p>\n<div class=\"leading-150 w-full lg:w-auto lg:flex-1 inv-advert-news__main-content\">\n<p>Want easy-to-follow crypto, forex &amp; stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at <a href=\"https:\/\/invezz.com\/signals\/?block=news-single&amp;component=np_iccta&amp;fragment=text-link&amp;guid=MTY5OTI3NA==\" target=\"_blank\" rel=\"noopener\">Invezz Signals\u2122<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/invezz.com\/news\/2024\/06\/25\/morgan-stanley-to-greenlight-bitcoin-etfs-for-all-clients-across-their-platform\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Invezz ) The latest Morgan Stanley\u2019s crypto-related news triggered optimism in the digital assets space as Bitcoin struggles to escape the $60K vicinity to the upside. Are you looking for signals &amp; alerts from pro-traders? Sign-up to Invezz Signals\u2122 for FREE. Takes 2 mins. X updates reveal that the US-based banking [&hellip;]<\/p>\n","protected":false},"author":3947362363,"featured_media":33048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33047"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362363"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33047"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33048"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}