Apr 25, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Morgan Stanley (MS) is looking to allow its brokers to recommend spot bitcoin ETFs to their customers according to a report from AdvisorHub.

Video transcript

Morgan Stanley could allow brokers to recommend ETF soon and the Buy Bitcoin sign sells for over a million dollars. You're watching coin desk daily. I'm your host, Jen Sani Morgan Stanley is looking to allow its 15,000 brokers to recommend Bitcoin ETF S to their customers. That's according to a report from advisor hub, the Wall Street giant opened up Bitcoin ETF purchases after they had been approved earlier this year. However, this was done only on an unsolicited basis. The bank is now looking to let brokers pitch ETF S directly to customers. The move is a testament to the demand for spot ETF S and could bring additional inflows into the funds. The ETF S allow customers to reap the benefits of investing in the largest Cryptocurrency by market cap without direct exposure, ethereum verification protocol aligned layer raised a $20 million series a to enable faster and cheaper zero knowledge proofs. The fundraiser was led by Hack VC. The firm hopes to help engineers avoid bottlenecks improving their code while making it cheaper to build applications on top of Ethereum that use ZK proofs ZK proofs refer to protocols in which one party can verify the truth of a statement to the other party without conveying any further information about it. And the Buy Bitcoin sign has sold for over a million dollars at auction. The iconic sign that was held behind Janet Yellen during her congressional testimony in July 2017 was auctioned for 16 Bitcoin a record amount for auction platform scarce city. The auction was held in in New York at Bitcoin themed bar pub key. The previous owner of the sign Christian Lalli says the proceeds will go to funding his start up, which is developing a Bitcoin lightning network wallet on orbit. That's it for coin desk daily, get more updates on coindesk.com and we'll see you next time.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.