Morgan Stanley: Bitcoin still has a way to go before entering U.S. bank balance sheets, but the deployment is already underway

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Deep Tide TechFlow News, May 4th, according to CoinDesk reports, Morgan Stanley’s Head of Digital Asset Strategy Amy Oldenburg stated at the Bitcoin Conference in Las Vegas that U.S. banks may hold Bitcoin on their balance sheets in the future, but due to restrictions from Federal Reserve guidelines, Basel Accords, and global regulatory requirements, the timeline for implementation remains uncertain.

Meanwhile, Morgan Stanley’s recently launched first bank-issued Bitcoin ETP product MSBT attracted over $100 million in inflows within six days of launch, all from independent investment channels, and has not yet been opened to financial advisors. Oldenburg pointed out that the slow progress on the advisor side is mainly due to an education gap, and the bank has initiated internal training programs to address this, while also applying for OCC digital trust licenses to support direct custody of digital assets and spot crypto trading services.

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