Bitcoin

Bold

BlackRock

<ul>
 <li>Morgan Stanley to offer Bitcoin ETFs from BlackRock and Fidelity starting August 7.</li>  
 <li>Eligible clients must have a net worth of $1.5M and high-risk tolerance.</li>  
 <li>Cathie Wood predicts Bitcoin could exceed $1.5M per coin with institutional adoption.</li> 
</ul>  
<p>Morgan Stanley recently announced that its financial advisors will soon be authorized to provide Bitcoin exchange-traded funds (ETFs) to selected clients.</p>  
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<p>Starting August 7, the bank's 15,000 advisors can solicit eligible clients to buy shares of BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund.This move represents a fundamental shift in Wall Street's opinion to the use and adoption of bitcoin.</p>  
<h2 class="wp-block-heading" id="h-a-major-change-at-morgan-stanley"><strong>A Major Change at Morgan Stanley</strong></h2>  
<p>This move reflects growing client demand and the evolving digital asset marketplace. U.S. SEC&nbsp; approval of 11 <a href="https://cryptonewsland.com/us-spot-bitcoin-etfs-see-200m-outflows-market-reacts-u-s-spot-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">spot Bitcoin ETFs </a>in January has been a crucial factor in Morgan Stanley's decision. However, the bank is limiting these investments to clients with net worth of at least $1.5 million and high-risk tolerance. These investments will be confined to taxable brokerage accounts.</p>  
<p><a href="https://www.morganstanley.com/" target="_blank" rel="noopener noreferrer nofollow">Morgan Stanley</a> will monitor customers' cryptocurrency holdings to ensure they do not become overly exposed. This method is intended to safeguard them against inherent hazards.&nbsp;</p>  
<p>The bank's authorized cryptocurrency investments are now confined to two Bitcoin ETFs from BlackRock and Fidelity. The private funds offered by Galaxy and FS NYDIG, which were available from 2021, were withdrawn earlier this year.</p>  
<h2 class="wp-block-heading" id="h-cathie-wood-s-predictions"><strong>Cathie Wood's Predictions</strong></h2>  
<p>Cathie Wood of <a href="https://www.ark-invest.com/" target="_blank" rel="noopener noreferrer nofollow">ARK Invest</a> expects that Bitcoin's value will continue to rise and might be worth more than $1.5 million per coin. This forecast is based on institutions committing approximately 5% of their portfolios to digital assets.</p>  
<p>Wood's <a href="https://cryptonewsland.com/ark-invests-cathie-wood-predicts-600k-bitcoin-by-2030/" target="_blank" rel="noopener noreferrer nofollow">revised outlook</a> is consistent with general projections about Bitcoin's incorporation into the global financial system. According to her, Bitcoin will be an essential part of the financial system of the future.</p>  
<p>Morgan Stanley's move to offer Bitcoin ETFs represents an important turn in the integration of bitcoin into mainstream finance. By catering to client demand, the bank positions itself at the forefront of financial innovation.&nbsp;</p>  
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>  
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/mainstream-adoption-accelerates-morgan-stanley-ventures-into-bitcoin/" rel="noopener noreferrer nofollow">Mainstream Adoption Accelerates: Morgan Stanley Ventures into Bitcoin</a></li>  
 <li><a href="https://cryptonewsland.com/morgan-stanley-to-offer-bitcoin-etfs-to-select-clients/" rel="noopener noreferrer nofollow">Morgan Stanley to Offer Bitcoin ETFs to Select Clients</a></li>  
 <li><a href="https://cryptonewsland.com/read-this-before-you-say-the-bottom-is-in/" rel="noopener noreferrer nofollow">Read This Before You Say ‘The Bottom Is In’</a></li>  
 <li><a href="https://cryptonewsland.com/morgan-stanley-says-the-metaverse-will-replace-the-mobile-internet/" rel="noopener noreferrer nofollow">Morgan Stanley Says The Metaverse Will Replace The Mobile Internet</a></li>  
 <li><a href="https://cryptonewsland.com/ark-invests-cathie-wood-predicts-600k-bitcoin-by-2030/" rel="noopener noreferrer nofollow">Ark Invest's Cathie Wood Predicts $600K Bitcoin by 2030</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/cathie-woods-bold-bitcoin-prediction-following/" rel="noopener noreferrer nofollow">Cathie Wood’s Bold Bitcoin Prediction Following Morgan Stanley’s ETF Approval</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Cathie Wood’s Bold Bitcoin Prediction Following Morgan Stanley’s ETF Approval

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