Morgan Stanley Advisors Can Reportedly Market Two Bitcoin ETFs To Some Clients
Morgan Stanley's wealth advisors can now actively pitch two spot bitcoin exchange-traded funds (ETFs) to some of their clients.
Morgan Stanley's wealth advisors can now actively pitch two spot bitcoin exchange-traded funds (ETFs) to some of their clients.
As crypto remains politicized in the U.S., across the pond, it’s bridging the gap.
The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday, underscoring the industry's growing political influence ahead of the November election. The highly volatile crypto sector is seen as a risky fringe industry and has drawn intense scrutiny from the U.S. Securities and Exchange Commission, which has accused it of flouting securities laws. The largest U.S. crypto exchange is fighting the SEC in court after the regulator sued Coinbase last year alleging it failed to register as an exchange.
Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday.
The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.
The U.S.'s pursuit of Bitcoin mining dominance could offer a golden ticket to national renewal, with our projections suggesting it could contribute to $30.6 billion in GDP and 54,000 jobs by 2028 if the U.S. captures 90% of the global market.
For OG Bitcoiners, the Mt. Gox distro signifies more than a possible market catalyst. It's the closing of one of crypto’s darkest chapters when Bitcoin’s future was at its most vulnerable. This influx of Bitcoin, valued at over $9 billion at current prices, represents a significant injection of liquidity into the market and has sparked intense speculation about its possible impact on Bitcoin's price and the broader cryptocurrency market.
Bitcoin is poised for a major run in 2024. But it might only be a sign of things to come.
NodeMonkes NFT collection tops daily sales, Ethereum blockchain sees a dip in transactions.
It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.