Morgan Stanley : l'analyse économique

Morgan Stanley Bitcoin Trust continued to attract more cash inflows while BlackRock’s IBIT ended its 13 consecutive days of inflows. Morgan Stanley s'impose comme l'un des sujets qui mobilisent l'attention en United States ce jeudi.

Les faits

• Morgan Stanley Bitcoin Trust continued to attract more cash inflows while BlackRock’s IBIT ended its 13 consecutive days of inflows.
• Morgan Stanley Bitcoin Trust (MSBT) has outshined BlackRock’s iShares Bitcoin Trust (IBIT) since the beginning of this week until April 30.
• Amy Oldenburg, head of digital assets at Morgan Stanley, says client education — not product design — is the central challenge facing bitcoin adoption at the firm and across the industry.
• Morgan Stanley launched its first major spot Bitcoin ETF.
• Morgan Stanley launched its spot Bitcoin ETF (MSBT), making it the first major Wall Street bank to do so.

L'essentiel

Dans le détail, Morgan Stanley Bitcoin Trust (MSBT) has outshined BlackRock’s iShares Bitcoin Trust (IBIT) since the beginning of this week until April 30.

Sur le fond, Amy Oldenburg, head of digital assets at Morgan Stanley, says client education — not product design

Concrètement, Morgan Stanley launched its first major spot Bitcoin ETF.

Au-delà de ce constat, Morgan Stanley launched its spot Bitcoin ETF (MSBT), making it the first major Wall Street bank to do so.

Reste à préciser que Morgan Stanley’s MSBT has attracted a total of $10.81 million during this period, according to data from SoSoValue.

Les chiffres

À noter par ailleurs : Currently, Morgan Stanley manages about $9.2 trillion in total client assets, thus MSBT could attract as much as $368 billion.

Plus précisément, In comparison, Morgan Stanley’s $9.2 trillion comes mainly from client advisory services.

Dans la foulée, Bitcoin reaching $80,000 in April now at 17.5% YES.

À ce stade, Bitcoin reaching $80,000 in April sits at 17% YES, down from 26% yesterday.

Ce qui se dit

“We have to start with bitcoin,” Oldenburg told the audience, citing the asset’s roughly 1.5 trillion dollar market cap and its distance from the rest of the crypto landscape.

“We are still so early on this journey,” she said. “So little allocation.

Le contexte

Reste à préciser que Morgan Stanley launched its bitcoin exchange-traded product, the Morgan Stanley Bitcoin Trust (MSBT), into a market it believes is still in its infancy.

À noter par ailleurs : To bridge that gap, Morgan Stanley is working from the inside out.

Plus précisément, Morgan Stanley ultimately tapped Coinbase and BNY Mellon as custodians for MSBT.

Dans la foulée, when the conversation turned to high-beta bitcoin plays, Oldenburg called Strategy, the Michael Saylor-led company formerly known as MicroStrategy, “a good friend of Morgan Stanley,” and said the bank has worked alongside it through its evolution.

À ce stade, Morgan Stanley buying bitcoin is “not out of the question”

Recherches associées

Plusieurs requêtes connexes accompagnent ce sujet : Morgan Stanley se renforce au capital de Soitec • Soitec : Morgan Stanley sous les 5% des parts • Morgan Stanley passe sous les 5% du capital de Soitec • Morgan Stanley privilégie les grandes banques françaises face à la hausse des coussins de fonds propres • BFF explore des pistes de M&A avec l'appui de Mediobanca et Morgan Stanley • L'Asie en tête de la reprise des hedge funds en avril, selon Morgan Stanley.

À retenir

• Amy Oldenburg, head of digital assets at Morgan Stanley, says client education — not product design — is the central challenge facing bitcoin adoption at the firm and across the industry.
• When the conversation turned to high-beta bitcoin plays, Oldenburg called Strategy, the Michael Saylor-led company formerly known as MicroStrategy, “a good friend of Morgan Stanley,” and said the bank has worked alongside it through its evolution.
• The U.S. needs greater alignment among its financial regulators, she said, and for a global firm like Morgan Stanley, the picture is more complex still — each jurisdiction comes with its own framework.
• Recherches qui explosent : Morgan Stanley se renforce au capital de Soitec, Soitec : Morgan Stanley sous les 5% des parts, Morgan Stanley passe sous les 5% du capital de Soitec, Morgan Stanley privilégie les grandes banques françaises face à la hausse des coussins de fonds propres.