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Morgan Stanley has a financial advisor base of approximately 16,000 who manage around $7 trillion in assets.
In November, the Office of the Comptroller of the Currency (OCC) passed legislation allowing national banks to hold crypto assets on their balance sheets.
Goldman Sachs has filed for a premium Bitcoin income ETF that would use call options to generate yield.
Vanguard now allows Bitcoin ETFs to be traded on its platform.
The Morgan Stanley Bitcoin ETF (MSBT) launched with a fee of 14 basis points, which was the lowest in the category at the time of launch.
BlackRock's Bitcoin ETF (iBit) has an expense ratio of approximately 25 basis points and comprises around 60% of total assets in Bitcoin ETFs.
Morgan Stanley hired Ali Wallace from BlackRock to lead its ETF initiatives.
Morgan Stanley issued a memo permitting its financial advisors to invest 1% to 4% of client assets in Bitcoin.
The Morgan Stanley Bitcoin ETF (MSBT) attracted $132 million in assets in its first week.
The price of Bitcoin increased by approximately $6,000 on the day Vanguard enabled trading of Bitcoin ETFs on its platform.
Vanguard launched the Developed Markets Ex-US Growth Index ETF under the ticker VDG.
The Vanguard Developed Markets Ex-US Growth Index ETF (VDG) has an expense ratio of 8 basis points and has attracted $15 million in assets.