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The cryptocurrency market may be poised to get a major increase in usage and adoption as Morgan Stanley is reportedly planning to offer crypto trading to its E-Trade clients. Indeed, the $1.3 trillion asset manager is planning to enable the functionality for its users over the next year, according to a Bloomberg report. The move represents an increased push into the digital asset landscape. Moreover, although the project is still in the early development stages, the report notes that Morgan Stanley is exploring a number of high-profile partnerships. Specifically, they are seeking out crypto firms that would help power the new offering. JUST IN: $1.3T asset manager Morgan Stanley to offer crypto trading to E-Trade clients. — Watcher.Guru (@WatcherGuru) May 1, 2025 Also Read: Morgan Stanley Predicts S&P 500 Target: See Where the Index Stands Morgan Stanley Preps Crypto Trading Offering for E-Trade Clients The United States crypto sector has enjoyed a complete overhaul of its regulato...

The asset management titan Fidelity Investments reportedly plans to roll out its own dollar-backed stablecoin. Citing two people familiar with the matter, the Financial Times reports that the Boston-based firm with $5 trillion in assets under management (AUM) is now in the advanced stages of testing the crypto asset. Fidelity’s digital assets arm will manage the stablecoin, which is designed to function as cash in cryptocurrency markets. The report says the company is launching the stablecoin as part of its expansion into the nascent market for tokenized versions of US Treasury bonds. Last week, the asset manager also submitted a filing to the U.S. Securities and Exchange Commission (SEC) to register a blockchain-based version of the Fidelity Treasury Digital Fund. The development comes amid Donald Trump’s support for dollar-backed stablecoins. The president has pledged to promote stablecoin growth to strengthen the dominance of the US dollar and urged Congress ...

One of the most important developments of the year may go down as one of the biggest debuts ever, as BlackRock’s Spot Bitcoin ETF has been called the ‘greatest launch in ETF history’ according to Bloomberg. Indeed, the $11.5 trillion asset manager iShares Bitcoin Trust (IBIT) quickly became one of the firm’s biggest funds. The product first launched in January alongside ten other Bitcoin-based ETFs. Their arrival marked a shifting tide, as it propelled the leading cryptocurrency into a new realm of prominence. A massive reason for that was BlackRock and the role it took in facilitating that rise. JUST IN: BlackRock's Spot Bitcoin ETF is the "greatest launch in ETF history," Bloomberg reports. — Watcher.Guru (@WatcherGuru) December 30, 2024 Also Read: BlackRock’s Spot Bitcoin ETF Surpasses Its Gold ETF BlackRock Bitcoin ETF May be Greatest Launch Amid BTC’s Rapid 2024 Rise This year has proven to be a game-changer for the cryptocurrency sector. The asset cla...

In a new research report from the $725 billion asset manager Bernstein, Bitcoin could target a new high if Donald Trump wins the upcoming 2024 US presidential election. Indeed, the firm notes that Trump’s return to the White House would drive BTC to a $90,000 price. Throughout his bid for reelection, Trump has embraced cryptocurrencies like no candidate has before him. Earlier this year, he noted that Bitcoin would be a key strategic reserve asset for his administration. Moreover, he has made no qualms about his focus on making the United States the world’s premiere crypto nation. JUST IN: $725 billion asset manager Bernstein says if Donald Trump is re-elected president, #Bitcoin may reach $90,000. — Watcher.Guru (@WatcherGuru) September 9, 2024 Also Read: Donald Trump Promises Plan to Make US the World’s ‘Crypto Capital’ Trump’s Return to White House Could Have BTC Targeting New All-Time High Just five years ago, Donald Trump took to X (formerly Twitter) to disp...