Morgan Stanley launched the first bank-issued Bitcoin ETP, but Amy Oldenburg said advisors, regulators and balance sheets still have a long way to go. Morgan Stanley's MSBT pulled in over $100 million in its first six days entirely through self-directed channels, before the product was even available through financial advisors. Despite a formal 2–4% Bitcoin allocation recommendation, advisor adoption remains slow, pointing to a significant education gap that Morgan Stanley is now working t…
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