Morgan Stanley's advisers will offer BTC ETFs to wealthy clients starting Wednesday in response to client demand.
Large firms like Morgan Stanley have lengthy compliance processes before approving funds for clients, despite the hopes from bitcoin ETF approvals.
Morgan Stanley holds $269.9 million of GBTC, indicating potential ETF offerings, part of its $1.5 trillion AUM, in response to client demand.
#morgan-stanley #bitcoin-etfs #financial-institutions #compliance-processes #cryptocurrency-investments
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