According to media reports, Wall Street giant Morgan Stanley is conducting a comprehensive review in order to add Bitcoin spot ETF products to its brokerage platform.
Morgan Stanley, which is one of the largest broker-dealer platforms in the United States, has been considering offering BTC ETFs to customers since the Securities and Exchange Commission approved their introduction to the United States in January.
If Morgan Stanley’s entry into the spot ETF market takes place in the coming months, it could open investment floodgates for large networks of registered investment advisors (RIA) and broker-dealer platforms such as Merrill Lynch or Wells Fargo.
Recall that today there are 10 spot Bitcoin ETFs on sale in the United States. The largest asset owners are now Grayscale, BlackRock and Fidelity.