đŻđŻđŻ15,000 Morgan Stanley Advisors Start Offering Bitcoin ETFs Today. .đŻđŻđŻ
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Despite Monday's crypto market crash, 2024 is still an important year for Bitcoin. The leading cryptocurrency is the first in the asset class to gain ETF approval. Moreover, its popularity is increasing throughout the years. In March, it reached an all-time high of $73,000. That performance only increased demand. Now, $1.3 trillion asset manager Morgan Stanley is leaning into just that, as its financial advisor will offer a Bitcoin ETF to select clients starting today. Specifically, the ETF will only be offered to clients who have net income of at least $1.5 million. This move should be an important one for the market and BTC.
Meanwhile BlackRock Bitcoin ETF Trading Volume Hits $1.55 Billion in First Hour of market opening. The decision was âin response to client demand and in an effort to keep up with market developments,â the bank told CNBC.
Additionally, it shows a shift in perspective. As banks tire of the asset class, its success has boosted confidence. Morgan Stanley is one of many turning to Bitcoin. However, there are still cautious banks in the US. Goldman Sachs, JPMorgan, Bank of America, and Wells Fargo have all banned advisors from offering BTC ETFs. However, that will likely change as demand increases. According to them, this is the right time to push BTC back to the moon. However, you need to remember that every transaction you make is your own responsibility. Keep your enthusiasm and smile đ.
