The approval and start of trading of spot Bitcoin ETFs in January marked a turning point for the BTC and cryptocurrency industry.
After ETF approvals, Bitcoin reached a new ATH of $73,800 in March, breaking its previous ATH of $69,000.
Now a new turning point is coming for Bitcoin. At this point, Morgan Stanley is doing it, followed by Wells Fargo.
Wells Fargo plans to allow investment advisors to offer Bitcoin ETFs to their clients, following Morgan Stanley, according to sources. Cryptocurrency expert Andrews AP Abacus shared that Well Fargo will allow its financial advisors to offer Bitcoin ETFs to select clients.
Andrews added that Abacus Wells Fargo will offer exposure to BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund, as well as other ETFs.
Morgan Stanley is the first US bank to take action in this regard, while Wells Fargo is set to be the second bank.
These moves by US giant banks reveal the increasing acceptance of Bitcoin in mainstream finance.
*This is not investment advice.
