Global #cryptocurrency investments

In a significant move reflecting the burgeoning interest in cryptocurrency, Morgan Stanley has begun offering its clients indirect exposure to Bitcoin through exchange-traded funds (ETFs).

Recent data indicates a robust interest in cryptocurrency-backed exchange-traded funds (ETFs), particularly for Bitcoin and Ethereum. Over the past four days, Bitcoin spot ETFs recorded impressive inflows totaling $459 million as of October 16.

Global crypto funds managed by leading asset managers, including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, have rebounded impressively, adding a net inflow of $321 million last week, as reported by CoinShares.

In the past 24 hours, Bitcoin (BTC) has experienced a notable surge of approximately 5%, pushing its price to retest the significant $61,000 mark.

In a significant move to cater to Brazilian investors, BlackRock is set to list the iShares Ethereum Trust as Brazilian Depositary Receipts (BDRs) under the ticker ETHA39.

On August 16, 2024, the Bank of Ghana (BoG) unveiled a set of draft guidelines aimed at regulating digital assets, including prominent cryptocurrencies like Bitcoin (BTC) and Tether (USDT). This move follows a comprehensive internal review and reflects the central bank's response to the growing interest and risks associated with the crypto market in Ghana.

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.

According to recent data, the amount of debt owed by young people in South Korea is rising, and many of them are driven to bankruptcy court by their cryptocurrency investments.