Fidelity Investments & Morgan Stanley

Fidelity Investments: Fidelity faces competitive pressure as Morgan Stanley's Morgan Stanley — E-Trade launches crypto trading, though Fidelity already offers Bitcoin trading.

Morgan Stanley: Morgan Stanley expands its digital asset strategy by offering spot crypto trading on Morgan Stanley — E-Trade, enhancing its competitive position in retail brokerage.

Fidelity Investments: Fidelity Investments' FBTC is mentioned as experiencing outflows, providing context for the current market sentiment around spot Bitcoin ETFs.

Morgan Stanley: Morgan Stanley Wealth Management launched a referral partnership with Galaxy Digital, allowing its eligible clients to convert existing cryptocurrency holdings into regulated ETP shares, enhancing its digital asset offerings and client services.

Fidelity Investments: Fidelity Investments is a brokerage firm offering access to the SpaceX IPO, enabling its clients to participate in the offering. It plays a role in distributing shares to investors.

Morgan Stanley: Morgan Stanley was a joint book-running manager for the SpaceX IPO, helping to manage the offering and earning substantial fees.

Fidelity Investments: Fidelity Investments is mentioned as a large asset manager that bankers typically seek feedback from, contrasting with SpaceX's focus on individual investors.

Morgan Stanley: Morgan Stanley is a co-lead underwriter for the SpaceX IPO and hosted a lunch meeting for institutional investors. Its analysts have made ambitious revenue projections for SpaceX's future.