Morgan Stanley sees risks for the NFT market

    Following the latest decline in the crypto market, Morgan Stanley warns investors in other digital assets about the risks of a fall. However, experts suggest that the fortunes of NFTs now depend on around “blue-chip” NFT collections, like CryptoPunks and Yuga Labs’ Otherside. According to last week’s report, the steep declines of Bitcoin, Ether, and…

    Morgan Stanley increases GBTC investment, but cheaper ETFs could compete

    Morgan Stanley continues to increase its exposure to Bitcoin and has bought a considerable amount of GBTC shares for totals of about $303 million. However, the $36 billion trust feels the push from cheaper ETFs. The FT found GBTC trades at a 15% discount on the value of its underlying assets. Banking giant Morgan Stanley…

    Morgan Stanley calls Metaverse the next big investment theme, gripping the crypto world

    Investment bank Morgan Stanley has stated the metaverse is now the next big investment theme, in a note directed to investors on November 11. Strategists from the bank believe this alternate conception of reality is amassing important interest from companies like Facebook (now Meta) and Microsoft, which are already trying to grasp the concept. And…