{"id":24828,"date":"2025-05-02T05:31:45","date_gmt":"2025-05-02T05:31:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24828"},"modified":"2025-05-02T05:31:45","modified_gmt":"2025-05-02T05:31:45","slug":"bitcoin-nears-97k-as-morgan-stanley-and-schwab-gear-up-for-crypto-trading","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24828","title":{"rendered":"Bitcoin Nears $97K as Morgan Stanley and Schwab Gear Up for Crypto Trading"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Bitcoin flirted with $97,000 on May 1, giving the market a nice <\/span><span data-preserver-spaces=\"true\">little<\/span><span data-preserver-spaces=\"true\"> jolt. The reason? Two big names on Wall Street, Morgan Stanley and Charles Schwab, are <\/span><span data-preserver-spaces=\"true\">making moves to dive<\/span><span data-preserver-spaces=\"true\"> deeper into crypto trading. That kind of institutional interest tends to get <\/span><span data-preserver-spaces=\"true\">people\u2019s<\/span><span data-preserver-spaces=\"true\"> attention, and this time was no different. Bitcoin nears $97K at a time when Wall Street firms are making crypto more accessible to everyday investors.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_6814576944710\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_6814576944710-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_6814576944710-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_6814576944710-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_6814576944710-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_6814576944710-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_6814576944710-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_6814576944710-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_6814576944710-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_6814576944710-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_6814576944710-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_6814576944710-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_6814576944710-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The price bump might have been short-lived, but <\/span><span data-preserver-spaces=\"true\">it\u2019s<\/span><span data-preserver-spaces=\"true\"> a reminder that traditional finance <\/span><span data-preserver-spaces=\"true\">isn\u2019t<\/span><span data-preserver-spaces=\"true\"> just tiptoeing around crypto anymore. <\/span><span data-preserver-spaces=\"true\">They\u2019re<\/span><span data-preserver-spaces=\"true\"> looking for ways to offer it to everyday clients, not just the ultra-wealthy.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Morgan <\/span><span data-preserver-spaces=\"true\">Stanley\u2019s<\/span><span data-preserver-spaces=\"true\"> E*Trade Eyes Crypto Integration<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">First up, Morgan Stanley. According to reports, <\/span><span data-preserver-spaces=\"true\">they\u2019re<\/span><span data-preserver-spaces=\"true\"> working behind the scenes to roll out crypto trading for users of E*Trade, the popular brokerage they acquired back in 2020. The plan is to have things ready by 2026, and it sounds like Bitcoin and Ethereum will be front and center.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Right now<\/span><span data-preserver-spaces=\"true\">, Morgan Stanley only offers crypto exposure to its high-net-worth clients through ETFs and futures. This new push would be a big step toward making crypto accessible to a broader slice of investors \u2014 the kind logging into E*Trade to buy stocks, not necessarily mining BTC or flipping NFTs.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just saw Morgan Stanley\u2019s plan to bring crypto to E*Trade in 2026, Big move for mainstream adoption. <\/p>\n<p>Bitcoin\u2019s hovering near $97K, and altcoins might rally if it breaks $100K. <\/p>\n<p>Anyone else feeling bullish this May? <br \/>What coins are you stacking?<\/p>\n<p>\u2014 JOHN HADRICK <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f99b.png\" alt=\"\ud83e\udd9b\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@hadrickJo) <a href=\"https:\/\/twitter.com\/hadrickJo\/status\/1918066903769092460?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 1, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>DISCOVER:<\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/p>\n<p><span data-preserver-spaces=\"true\">To pull this off, Morgan Stanley is reportedly exploring partnerships with crypto firms to build <\/span><span data-preserver-spaces=\"true\">out<\/span><span data-preserver-spaces=\"true\"> the technical plumbing needed to support direct crypto trading. <\/span><span data-preserver-spaces=\"true\">It\u2019s<\/span><span data-preserver-spaces=\"true\"> not simple, but <\/span><span data-preserver-spaces=\"true\">clearly,<\/span><span data-preserver-spaces=\"true\"> they see long-term demand from their client base.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Charles Schwab Plans Spot Crypto Trading<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Then <\/span><span data-preserver-spaces=\"true\">there\u2019s<\/span><span data-preserver-spaces=\"true\"> Charles Schwab, which is also eyeing a move into spot crypto trading. CEO Rick Wurster said <\/span><span data-preserver-spaces=\"true\">they\u2019re<\/span><span data-preserver-spaces=\"true\"> hoping<\/span><span data-preserver-spaces=\"true\"> to offer it within the next 12 months, depending on how the regulatory winds blow.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Up until<\/span><span data-preserver-spaces=\"true\"> now, Schwab has only dabbled in crypto indirectly through ETFs and funds. But <\/span><span data-preserver-spaces=\"true\">they\u2019ve<\/span><span data-preserver-spaces=\"true\"> also quietly co-founded a non-custodial crypto exchange called EDX Markets with help from Fidelity and Citadel. In other words, <\/span><span data-preserver-spaces=\"true\">they\u2019ve<\/span><span data-preserver-spaces=\"true\"> been preparing for this move for a while.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Market Impact and Competitive Landscape<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This <\/span><span data-preserver-spaces=\"true\">kind of<\/span><span data-preserver-spaces=\"true\"> mainstream push could shake things up for platforms like Coinbase and Robinhood.<\/span> <span data-preserver-spaces=\"true\">Robinhood\u2019s<\/span><span data-preserver-spaces=\"true\"> stock dropped <\/span><span data-preserver-spaces=\"true\">shortly<\/span><span data-preserver-spaces=\"true\"> after news of Morgan <\/span><span data-preserver-spaces=\"true\">Stanley\u2019s<\/span><span data-preserver-spaces=\"true\"> crypto ambitions went public. That tells you all you need to know about how seriously investors <\/span><span data-preserver-spaces=\"true\">are taking<\/span><span data-preserver-spaces=\"true\"> these developments.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With U.S. regulators showing <\/span><span data-preserver-spaces=\"true\">a bit<\/span><span data-preserver-spaces=\"true\"> more flexibility toward banks dealing in digital assets, the environment is finally starting to look more welcoming for traditional finance to get involved in crypto without tripping legal wires.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Conclusion<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Bitcoin popping above $97K <\/span><span data-preserver-spaces=\"true\">wasn\u2019t<\/span><span data-preserver-spaces=\"true\"> just another blip on the chart. It reflected a bigger trend \u2014 major financial players making real moves to bring crypto into the mainstream. Morgan Stanley and Charles Schwab <\/span><span data-preserver-spaces=\"true\">aren\u2019t<\/span><span data-preserver-spaces=\"true\"> just testing the waters. <\/span><span data-preserver-spaces=\"true\">They\u2019re<\/span><span data-preserver-spaces=\"true\"> mapping out ways to make crypto trading a <\/span><span data-preserver-spaces=\"true\">normal<\/span><span data-preserver-spaces=\"true\"> part of retail investing. Whether prices keep climbing or cool off, this shift is already underway.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\"><\/h3>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Bitcoin surged toward $97K on May 1 following news that Morgan Stanley and Charles Schwab are preparing to offer crypto trading to retail investors.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Morgan Stanley is working to integrate crypto trading into E*Trade, aiming for a 2026 launch that could include Bitcoin and Ethereum.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Charles Schwab plans to roll out spot crypto trading within the next 12 months, pending regulatory approval.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        These moves by legacy financial institutions are expected to challenge existing platforms like Coinbase and Robinhood.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The expansion signals a <\/li>\n<p><\/span><span data-preserver-spaces=\"true\">growing<\/span><span data-preserver-spaces=\"true\"> shift toward mainstream crypto adoption as Wall Street aligns with evolving regulatory clarity.<br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/bitcoin-nears-97k-as-morgan-stanley-and-schwab-gear-up-for-crypto-trading\/\">Bitcoin Nears $97K as Morgan Stanley and Schwab Gear Up for Crypto Trading<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin flirted with $97,000 on May 1, giving the market a nice little jolt. The reason? Two big names on Wall Street, Morgan Stanley and Charles Schwab, are making moves to dive deeper into crypto trading. That kind of institutional interest tends to get people\u2019s attention, and this time was no different. Bitcoin nears $97K [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24828","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24828"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24828\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}