Morgan Stanley aims to outpace UBS in becoming the first Bitcoin ETF bank

user avatar

by Giorgi Kostiuk

3 years ago

Made with AI

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

OCC Releases New Guidelines for AI in Banking

The US Office of the Comptroller of the Currency (OCC) has released its first supervisory framework for artificial intelligence in banking, focusing on the implications of AI mistakes rather than its capabilities.

user avatarJesper Sørensen

Trump Media Technology Group Shares Experience Significant Decline

Shares of Trump Media Technology Group plunged 14.29% to $5.10, extending a decline that had been ongoing prior to the midterm elections.

user avatarRajesh Kumar

Technology Stocks Show Mixed Results After US Midterm Elections

Technology stocks showed mixed results after the US midterm elections, with some companies gaining while others declined.

user avatarLucas Weissmann

SEC Provides Regulatory Clarity for Canton Coin

The SEC classifies Canton Coin as a digital commodity, providing regulatory clarity for its issuance and distribution model.

user avatarFilippo Romano

Bitbase Launches ORIGIN Points Program to Reward User Engagement

Bitbase has launched the ORIGIN Points program to reward user engagement over 26 weeks, distributing 1,000,000 points weekly starting November 4, 2026.

user avatarEmily Carter

Bitbase Launches ORIGIN Points Program to Reward User Participation

Bitbase has introduced ORIGIN, a new points program rewarding user participation over six months.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.