Global #Bitcoin ETFs

BlackRock’s IBIT Bitcoin ETF has recently achieved a significant milestone, becoming the world’s third-largest holder of Bitcoin, behind only the enigmatic Satoshi Nakamoto and Grayscale.

Morgan Stanley, the largest wealth manager in the United States, could be in hot water with regulators following its decision to allow financial advisers to promote Bitcoin exchange-traded funds (ETFs) to high-net-worth clients.

BlackRock’s iShares Ethereum Trust (ETHA) is on track to become the first U.S. spot Ethereum exchange-traded fund (ETF) to achieve $1 billion in net inflows. Launched just three weeks ago, ETHA has already attracted approximately $901 million in net capital, according to data from Farside Investors.

In response to growing client interest in cryptocurrency investments, Wells Fargo is set to enable its advisors to offer Bitcoin ETFs to a select group of clients. This move aligns with a broader trend among financial institutions to integrate Bitcoin and other cryptocurrencies into their investment offerings.

In a significant development for both traditional finance and cryptocurrency, Morgan Stanley has reportedly authorized its wealth advisors to offer Bitcoin exchange-traded funds (ETFs) to high-net-worth clients.

The investment landscape is poised for a notable shift with the recent proposal for options trading on BlackRock’s anticipated spot Ethereum ETF. This development follows the SEC’s approval of Ethereum ETFs from prominent firms like Franklin Templeton and VanEck.