🔁 Morgan Stanley to offer Bitcoin swaps to clients

Morgan Stanley will be the latest Wall Street firm to offer Bitcoin ($BTC) related investments. According to a person familiar with the matter, the bank will deal in price return swap contracts which give clients synthetic exposure to BTC. From a technical perspective, Morgan Stanely is already prepared to offer the product, which won't require holding BTC but will instead utilize futures contracts, and now traders are waiting to see if there is institutional demand.