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Which major bank will be the first to follow Morgan Stanley in offering Bitcoin ETFs by December 31, 2024?
3
Resolution / Starting Odds
Wells Fargo • 25%
UBS • 25%
Goldman Sachs • 25%
Other • 25%
Official announcements or press releases from the respective banks
Story
Morgan Stanley's 15,000 Advisors Begin Offering Bitcoin ETFs to Clients on August 7, 2024
Aug 6, 2024, 02:48 PM
Morgan Stanley has authorized its 15,000 financial advisors to begin offering spot Bitcoin ETFs to clients starting August 7, 2024, marking a significant move as the first major Wall Street bank to do so. This development allows advisors to pitch Bitcoin ETFs, including those by BlackRock and Fidelity, to high-net-worth clients. The initiative is part of Morgan Stanley's broader strategy to integrate cryptocurrency offerings into its wealth management services, managing $1.3 trillion in assets and $5.7 trillion in client assets. This move is expected to set a precedent for other financial institutions, with Wells Fargo and UBS anticipated to follow suit.
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