Morgan Stanley and UBS are working to become the first major U.S. banks to offer a spot Bitcoin ETFs to all clients.
Morgan Stanley adding BTC ETF trading would be a stunning U-turn after CEO James Gorman expressed skepticism towards Bitcoin as an institutional asset class.
Major wealth managers offering ETF trading would convey growing confidence in Bitcoin's longevity and expose millions of new investors to the market.
The accelerating race between giants like Morgan Stanley and UBS validates Bitcoin's promise, signaling closer bank adoption into mainstream financial systems.
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