Tech stocks drive US markets higher as bond yields retreat
Wall Street surged, led by the Nasdaq, as falling Treasury yields boosted technology shares and semiconductors.
Morgan Stanley's head of digital assets discusses the bank's spot Bitcoin ETP, allocation framework, and balance sheet possibilities.
Morgan Stanley became the first globally systemically important bank to offer a spot Bitcoin ETP, which surpassed $600 million within a few months of its April launch. Amy Oldenburg, the firm's head of digital assets, spoke with host Spencer Nichols about the product's development, its pricing relative to competing spot Bitcoin ETFs, and the remaining obstacles for clients making their first Bitcoin purchase. She described a 0–4% allocation framework for three investor risk profiles, explained why the bank does not have a similar gold allocation, and discussed whether Bitcoin might appear on Morgan Stanley's own balance sheet.
Spencer Nichols of Bitcoin Magazine moderated the conversation with Amy Oldenburg, who leads digital assets at Morgan Stanley.
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