Group 1 - Traditional firms are increasingly considering exposure to bitcoin, with notable interest in bitcoin ETFs reshaping their approach to this asset class [1][2] - Major Wall Street firms like Morgan Stanley, Merrill Lynch, Wells Fargo, and JPMorgan Chase are beginning to offer limited access to bitcoin ETFs, indicating a shift in the perception of bitcoin as a legitimate asset [2][3] - The State of Wisconsin Investment Board has disclosed a multimillion-dollar position in spot bitcoin ETFs, further demonstrating institutional interest in this market [3] Group 2 - Spot bitcoin ETFs are gaining traction due to their regulatory compliance and cost-efficient structure, which includes secure vault storage for bitcoin [3] - The CoinShares Bitcoin ETF (BRRR) is highlighted as a well-positioned fund, boasting over $600 million in assets under management and significant recent inflows, with over $19 million in net flows recorded in just five days [3]
Why Wall Street Firms Are Eyeing Spot Bitcoin ETFs
Etftrends·2025-09-16 20:34