Morgan Stanley's Spot Bitcoin ETF Surpasses $200 Million in Assets

Morgan Stanley's recently launched spot bitcoin ETF has quickly accumulated over $200 million in assets within a few weeks. According to NS3.AI, Amy Oldenburg noted that nearly all of the initial week's activity was driven by self-directed investors, as opposed to advisors. The bank intends to introduce spot crypto trading to its wealth platform later this year. Additionally, Morgan Stanley is investigating faster settlement processes and the development of tokenized financial products.