"Morgan Stanley's spot Bitcoin (BTC) ETF launch imminent"
JH Kim
Summary
- An analysis said Morgan Stanley’s spot Bitcoin (BTC) exchange-traded fund (ETF) launch is imminent.
- Eric Balchunas said Morgan Stanley’s spot Bitcoin ETF “MSBT” had officially announced its listing on the New York Stock Exchange (NYSE).
- The market expects that if the ETF is approved, the trend of expanded Bitcoin investment by major financial institutions could accelerate further.
Forecast Trend Report by Period
An analysis suggests Morgan Stanley is close to launching a spot Bitcoin (BTC) exchange-traded fund (ETF).
On the 25th (local time), Bloomberg ETF analyst Eric Balchunas said on X (formerly Twitter) that Morgan Stanley’s spot Bitcoin ETF, “MSBT,” had officially announced its listing on the New York Stock Exchange (NYSE).
He explained that “this kind of step indicates the ETF launch is imminent.”
Earlier, on the 20th, Morgan Stanley submitted a second amended securities registration statement (S-1) related to MSBT to the U.S. Securities and Exchange Commission (SEC).
The market expects that if the ETF is approved, the trend of expanding Bitcoin investment by major financial institutions could accelerate further.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
