Morgan Stanley has drawn outsized demand from wealthy clients for a complex Bitcoin-linked product.
The bank this month sold $104 million of structured notes tied to BlackRock’s iShares Bitcoin Trust (IBIT), in a deal five times larger than the next-most-popular crypto-linked note outstanding in the US, according to Structured Products Intelligence, part of WSD.
Morgan Stanley Sells $104M Bitcoin-Linked Notes Tied to IBIT
The complex note tied to BlackRock’s IBIT drew outsized demand from wealthy clients amid a volatile crypto market.
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