Bitcoin News
By Pankaj K
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$15.7 Million Poured In Within a Single Week. Just this week, investors poured $15.7 million into the fund, according to data from Farside…
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Client Education, a Real Hurdle According to Oldenburg. In April, Amy Oldenburg, head of digital assets at Morgan Stanley, said something interesting: the…
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Morgan Stanley's Bitcoin ETF now boasts over $391 million in assets. Launched in April on the NYSE Arca, the fund has quickly established itself as one of the strongest launches…
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Not bad for a product that didn't exist three months ago.
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On its first trading day, the fund attracted more than $33 million. A strong start that set the tone.
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More broadly, U.S. Bitcoin ETFs collected $274 million this week, again according to Farside Investors. Morgan Stanley's fund held firm where others saw capital outflows.
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The bank is not new to the crypto game. Since 2021, Morgan Stanley has been offering its wealthy clients access to Bitcoin through funds like those from Galaxy Digital.
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In April, Amy Oldenburg, head of digital assets at Morgan Stanley, said something interesting: the main challenge for Bitcoin adoption isn't product design. It's client education.
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Read also: Bitcoin Dips Below $65,000 as Washington and Tehran Spark Tensions
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And that's probably why Morgan Stanley is betting so much on a structured approach. An ETF listed on a regulated exchange like the NYSE Arca is understandable for a private…
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Related: Bitcoin Drops Below $65,000 as Geopolitical Tensions Escalate
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CoinShares noted last week that even though investments are picking up in the digital asset category, other factors could hinder market progress. Exactly which factors? Not clear.
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Bitcoin itself remains under short-term pressure. $64,096 is far from the highs. Yet, money continues to flow into ETFs.
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Morgan Stanley has achieved something many of its competitors have not yet done: turning a crypto product into something that resembles an ordinary investment for a high-end…
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On the same topic: The $15 Million Bitcoin Quantum Defense Fund Launches a New Crypto Race
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