... and long-term role in portfolios. Wall Street’s Embrace of Bitcoin ETFs After years of caution, Wall Street is now openly warming to Bitcoin. Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS have historically limited direct crypto offerings, but ... ... as stricter bank capital requirements for crypto or unfavorable tax changes — could slow the pace of adoption. Meanwhile, global regulators’ attitudes vary; how other major economies approach crypto will influence how smoothly Bitcoin integrates ...