Analysis Crypto by Thebittimes.Com

In what is certainly an important development for the industry, Standard Chartered is reportedly now set to offer Bitcoin and crypto custody services in the European Union (EU). Indeed, the $870 billion asset manager has formed a new entity in Luxembourg to provide the new offerings, according to a Reuters report. The move is one that looks to “cash in on the growing demand for digital security,” the report notes. Moreover, they are certainly not alone. As the asset class surged in popularity and value last year, interest has reached new heights. Now Standard Chartered is one of many financial institutions looking to expand their presence in the industry in 2025. JUST IN: $870 billion asset manager Standard Chartered to offer Bitcoin & crypto custody services in Europe. — Watcher.Guru (@WatcherGuru) January 9, 2025 Also Read: Standard Chartered Says Bitcoin Will Double to $200,000 in 2025 Standard Chartered to Offer Crypto Custody in EU Through New Entity With the new year ...

$1.3 trillion asset manager Morgan Stanley has disclosed $187 million in Bitcoin ETF holdings. The company has reported owning 5.5 million shares in BlackRock’s iShares BTC ETF as of June 30. JUST IN: $1.3 trillion asset manager Morgan Stanley discloses $187 million #Bitcoin ETF holdings. — Watcher.Guru (@WatcherGuru) August 14, 2024 With the latest disclosed holdings, Morgan Stanley is now a top-five holder of BlackRock’s Bitcoin ETF. The filing notes under “Investment Discretion” that all 5.5 million shares are allocated to Morgan Stanley Investment Management Inc. Its advisors began offering Spot Bitcoin ETFs to their clients at the beginning of August. The select clients will be able to gain exposure to BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC). Morgan Stanley is one of many who have turned to embrace Bitcoin. However, there are still cautious banks in the US. Goldman Sachs, JPMorgan, Bank of America, and ...