Morgan Stanley Is Conducting Due Diligence to Add Spot Bitcoin ETFs to Brokerage Platforms: Sources Informed

Wall Street giant Morgan Stanley is conducting due diligence to add spot bitcoin ETF products to its brokerage platform, according to two people familiar with the matter, cited by Coindesk. One of the people familiar with the matter said that Morgan Stanley has been evaluating offering spot bitcoin ETFs to its clients since January, when the U.S. SEC approved the launch of spot bitcoin ETFs in the U.S. There are currently 10 spot bitcoin ETFs traded in the U.S., with the largest AUMs being Grayscale's GBTC, BlackRock's IBIT, and Fidelity's FBTC, and it is not clear which products Morgan Stanley hopes to offer to its clients.