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Amy Oldenburg, head of digital asset strategy at Morgan Stanley, says U.S. banks may eventually hold bitcoin on their own balance sheets.
Morgan Stanley launched MSBT, the first bitcoin-backed ETP by a U.S.-chartered bank.
KEY POINTS
- Initial MSBT inflows exceeded $100 million in six days, all from self-directed clients.
- Morgan Stanley is seeking an OCC digital trust charter to directly custody and trade crypto.
- There is a gap between client bitcoin demand and financial advisors' readiness, prompting internal education efforts.
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