Wells Fargo, Morgan Stanley, Merrill Lynch and UBS Will Open Bitcoin ETF Services by End of Year: Bitwise CIO Matt Hougan - The Daily Hodl

Wells Fargo, Morgan Stanley, Merrill Lynch and UBS Will Open Bitcoin ETF Services by End of Year: Bitwise CIO Matt Hougan - The Daily Hodl

The chief investment officer of the crypto asset management firm Bitwise says that mainstream banking institutions will launch Bitcoin (BTC) exchange-traded fund (ETF) services by the end of 2025. In a new note to investors, Bitwise CIO Matt Hougan says the four largest wirehouses in the world – Merrill Lynch, Morgan Stanley, Wells Fargo and UBS – who together hold over $10 trillion in assets, will soon strive to give their clients access to the…

LATEST: Big Four Wirehouses May Accept Bitcoin ETFs by Year-End, Says Bitwise CIO

Bitwise CIO Matt Hougan says major wirehouses like Merrill Lynch Morgan Stanley Wells Fargo and UBS will soon offer access to Bitcoin ETFs opening a $10 trillion gateway for crypto. After a slow rollout since January these platforms are rapidly warming up to Bitcoin with full availability expected by year-end. Morgan Stanley already offers limited access to select clients but broad support is coming fast. Hougan compares this exposure to placing…