The Block, the institutional investor states in the report that Bitcoin has become an institutional investment class. What this means that the digital assets are types of asset similar to shares, bonds, property, commodities, or cash. Not anymore a store of value BTC now also serves as a trading instrument that caters the needs of big banks and family offices across the globe. It is thus that there has been a rise in demand of cryptocurrency by the institutional clients and the rule book of institutional firms says that one should adhere to the demands of their clientele.
According to the Abacus Journal, while Morgan Stanley might not be interested in offering custody services due to the expense it pertains, they seem to incline towards offering and/or utilizing the following:
Whether the firm enters the market or not, such researches will increase the confidence of Institutional institutions to convert their slight incline into a full-fledged investment idea or product.
Read more: “Buy One Bitcoin, Get Two For Free”, Says CEO Of Pantera Capital
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