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Podcast: The Breakdown
Episode:

Morgan Stanley Is First Big Bank Offering Bitcoin to Wealthy Clients

Category: Business
Duration: 00:12:07
Publish Date: 2021-03-17 23:00:00
Description:

Today on the Brief:

  • What markets want from the Federal Reserve’s FOMC meeting
  • eToro’s $10B SPAC
  • The latest on Coinbase’s IPO

Our main discussion: Morgan Stanley set to become the first big bank to offer wealthy clients access to bitcoin. 

In this episode, NLW breaks down this breaking news, including:

  • Restrictions on the fund in terms of who can buy and how much they can spend 
  • Background of the firms partnering with Morgan Stanley
  • Why the direct bitcoin exposure is a sea change for institutional investors offering bitcoin products 
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