Prominent financial institutions, including as Morgan Stanley and UBS, are engaged in a heated rivalry to provide its American customers with Bitcoin Exchange-Traded Funds (ETFs).
This would represent a significant advancement for Bitcoin in the eyes of the major investor community. Although spot Bitcoin ETFs are not now available to clients as an asset class, they will begin trading in US exchanges next week.
An avid cryptocurrencycurrency fan named Andrew (AP_Abacus) posted on X claiming that Morgan Stanley is expected to release its Bitcoin EFT service ahead of UBS.
Nevertheless, a lot of analysts believe that because of potential regulatory obstacles, neither bank is prepared to initiate contact with the other on this matter.
His earlier claim that UBS intends to integrate Bitcoin ETFs onto its platform the next week, specifically between April 8 and April 12, Andrew has provided an update.
The approval of Bitcoin ETFs by UBS and Morgan Stanley represents a significant turning point in the development of cryptocurrencycurrencies. It can attract billions of dollars in fresh investments and would demonstrate investors’ rising faith in Bitcoin’s future.
