Morgan Stanley wants to beat UBS as the first Bitcoin ETF bank

According to crypto insider Andrew AP Abacus, both Morgan Stanley and UBS are set to add Bitcoin ETFs to their platform next week.

The launch of spot Bitcoin (BTC) exchange-traded funds (ETF) in the United States has fueled rivalry between investment banks over which will be the first wirehouse to add such a product.

Morgan Stanley is hoping to beat UBS in becoming the first wirehouse to fully approve the Bitcoin ETF, crypto enthusiast Andrew P. (AP Abacus) reported on X on April 3.

Citing internal Morgan Stanley notes, AP Abacus said that the bank “may announce a few days before” its move into Bitcoin ETFs.

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