The rivalry between investment banks over the introduction of spot Bitcoin exchange-traded funds (ETF) in the United States has intensified. According to crypto enthusiast Andrew P. (AP Abacus), Morgan Stanley is striving to beat UBS in becoming the premier wirehouse to fully endorse the Bitcoin ETF. Internal notes from Morgan Stanley suggest that an announcement regarding Bitcoin ETFs may be imminent. Global banks are engaging in active discussions regarding the inclusion of Bitcoin ETFs, turning it into a competitive race. ETF expert Eric Balchunas highlighted that both Morgan Stanley and UBS have yet to add Bitcoin ETFs. Balchunas suggested that the two banks are engaged in a compliance game of chicken, waiting for one to make the first move. AP Abacus previously reported that UBS plans to introduce Bitcoin ETFs to its platform in the near future. Morgan Stanley's potential approval of Bitcoin ETFs has also been a subject of speculation recently. Both banks were contacted for comments, but no responses were received. This is an evolving narrative, and additional updates will be provided.
Morgan Stanley aims to outpace UBS in becoming the first Bitcoin ETF bank
by Giorgi Kostiuk
2 years ago
Other news
Klarck's Bitcoin Roadmap Gains Attention as Market Approaches Key Levels
An older Bitcoin roadmap by crypto commentator Klarck is being revisited as Bitcoin nears critical downside zones outlined in the original post.
Revised Editorial Guidelines Emphasize Precision and Neutrality.
The editorial team has implemented a strict policy that emphasizes accuracy, relevance, and impartiality in all reporting.
Michael Saylor Analyzes Bitcoin's Impact on Corporate Debt
Michael Saylor analyzes Bitcoin's market fluctuations and their impact on corporate debt.
UnitedSignals Shares Technical Analysis on TradingView
UnitedSignals has recently shared a technical analysis on the TradingView platform, providing valuable insights into current market trends for traders.
Chris Larsen's Connection to Peter Thiel's Dialog Network Raises Privacy Concerns
Chris Larsen's connection to Peter Thiel's Dialog Network raises privacy concerns.
Secret Network Faces Major Security Breach with Axelar Bridge
Secret Network confirmed a significant security incident involving its Axelar bridge, exploited to drain approximately 467 million due to an infinitemint vulnerability.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter