Nate Geraci, president of the investment firm, Nova Dius Wealth, stated that investment banking and the main financial institutions in the United States have consolidated their permanent presence in the bitcoin (BTC) and cryptocurrency market. “Wall Street is here to stay,” said the businessman last night, April 16, 2026.
His statement, posted on his
Morgan Stanley Bitcoin Trust (MSBT) Ranked as Most Successful ETF Launch in the history of the firm. After its debut on April 8 on the NYSE Arca with $34 million in initial inflows, the product exceeded $100 million in net deposits during its first week of trading.
CriptoNoticias reported this morning that, in recognition of this performance, the New York Stock Exchange invited Morgan Stanley Investment Management to participate in the closing bell ringing ceremony on Thursday, April 16. The NYSE gesture, reserved for highly relevant financial milestones, marked the formal validation of the first bitcoin ETF issued by a large American commercial bank.
In parallel, Charles Schwab—which manages $11 trillion in assets—announced the creation of Schwab Crypto. This new division will allow its clients to execute purchases and sales of bitcoin and ether (ETH) directly from their traditional brokerage accounts.
The company confirmed that it will use the Paxos firm for the custody of the assets, which will be kept in separate accounts from the broker’s funds. Schwab will apply a flat fee of 0.75% per transaction. This movement represents a structural change for the entity, which in 2019 classified cryptocurrencies as purely speculative assets.
Geraci’s report also highlighted the foray of Goldman Sachs by filing with the SEC a proposal for a bitcoin-related ETF. This action completes the institutional adoption picture cited by the analyst.
The convergence of these events in a single day confirms that the traditional financial industry no longer only offers indirect exposure to bitcoin, but has integrated the asset into its brokerage, custody and stock settlement platforms. Wall Street has ended its observation phase to become a central player in the ecosystem.