ETC Group has introduced the ETC Group Core Bitcoin ETP (BTC1) on Deutsche Börse Xetra, marking a significant advancement in cryptocurrency investment products. Specifically designed for long-term, benchmark-conscious investors, BTC1 boasts an unprecedented liquidity framework that spans multiple time zones, integrating U.S., European, and Asian Bitcoin spot markets. This new ETP, part of ETC Group’s extensive range that includes Europe’s largest crypto ETP, offers a low Total Expense Ratio of 0.30%, enhancing cost-efficiency for institutional investors.

The launch of BTC1 is a landmark in providing regulated, global spot Bitcoin access, underpinned by the CF Benchmarks, the gold standard for Bitcoin price determination used by major U.S. spot ETFs and CME Futures. With a unique Tri-NAV methodology, BTC1 offers broader market liquidity beyond traditional exchange hours, promising enhanced price accuracy and risk management for global investors. Tim Bevan, CEO of ETC Group, emphasizes, “BTC1 sets a new industry standard, uniquely catering to the liquidity and security needs of institutional investors in the evolving digital asset landscape.”

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Morgan Stanley is reportedly preparing to enable its 15,000 brokers to recommend spot bitcoin exchange-traded funds (ETFs) to their clients, based on insights from two senior executives familiar with the plans. This initiative involves setting up a framework for solicited purchases, which includes assessing clients’ risk tolerance and setting limits on allocation and trading frequency, as reported by AdvisorHub. Though the exact timeline for this policy shift remains unclear, the move could significantly widen access to bitcoin investments.

Currently, other major brokerage firms like Merrill Lynch and Wells Fargo offer spot bitcoin ETFs only on an unsolicited basis, requiring clients to initiate contact with advisors. This shift by Morgan Stanley could mark a notable change in how clients interact with bitcoin investments. Notably, U.S.-traded spot bitcoin ETFs from financial giants such as BlackRock, Grayscale, and Ark Invest have already seen significant market uptake, amassing over $53.6 billion in assets under management and $12.29 billion in net inflows as of the latest data from SoSoValue.

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