Summary
- Bitwise CIO announced that four major brokerage firms, including Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS, will start supporting Bitcoin spot ETF trading by year-end.
- He mentioned that the accessibility of Bitcoin spot ETFs is expected to quadruple.
- He added that the net inflow of Bitcoin spot ETFs this year will break the highest record.
It is expected that four major brokerage firms in the United States, including Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS, will support Bitcoin (BTC) spot exchange-traded fund (ETF) trading by the end of this year.
On the 29th (local time), Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated in an investor memo, "Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS will support Bitcoin spot ETF trading by year-end," adding, "This will quadruple the accessibility of Bitcoin spot ETFs in the United States." He further added, "As a result, the net inflow of Bitcoin spot ETFs this year will also break the highest record."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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