Morgan Stanley and Charles Schwab are rushing into crypto: what do they see coming?

The cumulative net inflows of US-traded spot Bitcoin ETFs has reached roughly $59.7 billion, with BlackRock’s IBIT alone holding $66.7 billion in assets. Morgan Stanley and Charles Schwab are now pushing direct crypto trading into ordinary brokerage accounts. The driver is that both firms can already see demand within their own client base, with clients executing trades elsewhere. Charles Schwab’s clients hold about …