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Morgan Stanley bought $200 million in the Bitcoin ETFs

lieutenantdan - 2024-08-14 21:11:51

The big money banks are dipping their toes in


While $200 million isn't a gigantic number, it isn't nothing either.


It represents the largest of the large institutions showing up and buying bitcoin in a significant way.


This is why the bitcoin ETFs were so important.


It allowed the big institutions a way to easily gain some exposure.


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(Source: https://x.com/Vivek4real_/status/1823802082174099884/photo/1)


Morgan Stanley recently announced they are letting their wealth management division pitch the bitcoin ETFs so this number probably goes up as well.