‘Big boy’ Morgan Stanley’s Bitcoin ETF launch likely ‘imminent’ says analyst
Analyst Eric Balchunas suggests Morgan Stanley's Bitcoin ETF launch is near, following NYSE listing announcements and recent SEC filings.Summary
Bloomberg Senior ETF Analyst Eric Balchunas predicts an imminent launch for Morgan Stanley's spot Bitcoin ETF, citing the New York Stock Exchange's official listing announcement. Morgan Stanley filed its application in January and recently amended its S-1 registration with the SEC, confirming the ticker symbol MSBT for listing on NYSE Arca. While other Wall Street firms have already launched similar ETFs, Morgan Stanley's entry is significant as it's the first bank to do so, boasting a large network of financial advisors managing $6.2 trillion in assets. Currently, demand for these ETFs is primarily driven by self-directed investors, representing 80% of activity on Morgan Stanley’s platform, but adoption is still in its early stages as financial advisors evaluate integration into portfolios.
(Source：The Block)