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International Business Times
International Business Times
Business
Marvie Basilan

Morgan Stanley Reportedly Mulling Spot Bitcoin ETFs For Brokerage Platform

The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City. (Credit: Reuters)

KEY POINTS

  • The investment banking giant has reportedly been considering the idea since the SEC's historical move last month
  • Wells Fargo confirmed that it offers spot BTC ETFs "for unsolicited purchases"
  • Bank of America's Merill Lynch has reportedly been offering spot BTC ETFs for weeks

Financial services behemoth Morgan Stanley is considering whether it should issue spot BTC ETFs as an additional product to its brokerage platform, Coindesk reported Thursday, citing two people with knowledge of the matter.

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