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The approval comes just over two months after Canada approved its first bitcoin ETF.
In the bank’s first quarter earnings call Friday, CFO Jonathan Pruzan said Morgan Stanley would offer more crypto services if clients showed more interest.
Dick Parsons could bring a critical eye to some of the decentralized finance protocols that look like structured products, said Celo co-founder Rene Reinsberg.
The investment comes a little over a week after Grayscale confirmed that it would convert GBTC into an ETF.
The crypto exchange's shares traded above $400, and then into the low $300s, after starting off at $381.
The number is 40% higher than the reference price Nasdaq released Tuesday.
Experience shows it might take until after noon ET for market makers to work out the price of the initial trade in a direct stock listing.
That's a valuation of $66.5 billion, assuming an estimated 266.2 million shares outstanding.
The price is normally the same as the value a company’s shares last traded in private markets. Which for Coinbase is $343.58 per share.