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Morgan Stanley launched its bitcoin exchange-traded product, the Morgan Stanley Bitcoin Trust (MSBT), into a market it believes is still in its infancy.
Morgan Stanley's MSBT saw over $100 million in inflows, all from self-directed accounts.
KEY POINTS
- Morgan Stanley has not yet enabled MSBT access on its advisory platform, limiting advisor-driven inflows.
- The bank has chosen both Coinbase and BNY Mellon as custodians for its bitcoin trust.
- Morgan Stanley is rolling out internal advisor training to address the bitcoin knowledge gap.
- Bank holding bitcoin directly is possible, but regulatory alignment is still required, says Oldenburg.
COMPANIES
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