Morgan Stanley and UBS are working to become the first major U.S. banks to offer a spot Bitcoin ETFs to all clients, according to social media reports.

With $1.26 trillion and $1.1 trillion in assets under management respectively, Morgan Stanley and UBS are two of the largest wealth managers worldwide. Both are vying to fully approve Bitcoin ETF trading on their platforms in a pivotal moment for institutional Bitcoin adoption.

The reports come from Bitcoin insider Andrew on X and Bloomberg analyst Eric Balchunas.

Andrew, an influential Bitcoin commentator, tweeted Morgan Stanley may announce its Bitcoin ETF listing “days before” UBS. He said global banks have been urgently discussing…

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