Morgan Stanley: It will still take time for Bitcoin to enter the balance sheets of U.S. banks, but the layout is already in progress
According to CoinDesk, Amy Oldenburg, the head of digital asset strategy at Morgan Stanley, stated at the btc-42">Bitcoin conference in Las Vegas that U.S. banks may hold Bitcoin on their balance sheets in the future, but the timeline remains uncertain due to guidance from the Federal Reserve, Basel agreements, and global regulatory requirements.
Meanwhile, Morgan Stanley's recently launched first bank-issued Bitcoin ETP product, MSBT, attracted over $100 million in inflows within the first six days of its launch, all from self-directed investment channels and has not yet been opened to financial advisors.
Oldenburg pointed out that the slow adoption on the advisory side is mainly due to an education gap. The bank has initiated internal training programs to address this and is applying for an OCC digital trust license to support direct custody of crypto assets and spot crypto trading services.
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