Bloomberg analysts: Morgan Stanley's spot Bitcoin ETF may be "coming soon"

PANews reported on March 26th that, according to The Block, Bloomberg senior ETF analyst Eric Balchunas stated that Morgan Stanley's spot Bitcoin ETF could launch at any time. The New York Stock Exchange has officially announced the fund's listing arrangements, which typically indicates an imminent listing. Morgan Stanley filed its application in January and last week submitted a revised S-1 registration statement, confirming that the ETF will be listed on the NYSE Arca under the ticker symbol MSBT.

Balchunas points out that Morgan Stanley will be the first bank to issue a Bitcoin ETF, and it boasts the largest financial advisory network, with approximately 16,000 advisors managing $6.2 trillion in assets. Morgan Stanley's head of digital asset strategy previously stated that about 80% of crypto ETF trading activity comes from independent investor accounts, and the adoption of digital assets by financial advisors is still in its early stages.