CoinWorld News, Morgan Stanley's Head of Digital Asset Strategy Amy Oldenburg stated at the Bitcoin Conference in Las Vegas that Bitcoin will be included in the US bank's balance sheet but still faces key obstacles. She pointed out that Morgan Stanley is laying the groundwork for the expansion of its digital asset business, and as client demand increases, the bank has launched its first Bitcoin-backed exchange-traded product, MSBT, which attracted over $100 million in inflows within the first six days. Oldenburg also mentioned that Morgan Stanley recommends clients allocate 2%-4% of their investments to Bitcoin, but slow adoption by advisors is mainly due to educational issues. She said Morgan Stanley is pursuing OCC digital trust charters to enable direct custody of cryptocurrencies and offer spot trading on its wealth platform.

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