Morgan Stanley, one of the world's largest investment banks with over $1.4 trillion in assets under management (AUM), is reportedly considering allowing its brokers to directly recommend Bitcoin exchange-traded funds (ETFs) to its customers.
The move comes after the successful launch of Bitcoin Spot ETFs in the United States earlier this year, which have seen significant demand from investors.
Morgan Stanley has been positive about Bitcoin since the approval of Bitcoin ETFs, and the bank opened up Bitcoin ETF purchases to its clients shortly after their launch. However, until now, these purchases have only been available on an unsolicited basis, meaning that brokers could not actively pitch the products to their clients.
The potential change in policy would enable Morgan Stanley brokers to recommend Bitcoin ETFs to their customers proactively.
A Morgan Stanley executive, as reported by AdvisorHub, stated, "We're going to make sure that we're very careful about it...we are going to make sure everybody has access to it. We just want to do it in a controlled way."
The approval of Bitcoin Spot ETFs in the United States has provided a regulated and accessible way for institutional and retail investors to gain exposure to Bitcoin.
The success of these ETFs has demonstrated the high demand for Bitcoin investment products and has paved the way for increased mainstream adoption.
Click the image to learn more.
Click the image to learn more.
If Morgan Stanley proceeds with allowing its brokers to actively recommend Bitcoin ETFs, it could lead to a significant influx of capital into these products.
With the bank's extensive client base and the trust that investors place in its recommendations, the move could further bolster the growth and legitimacy of Bitcoin as an investment asset.
Moreover, Morgan Stanley's potential embrace of Bitcoin ETFs could send a positive signal to other traditional investors, highlighting the growing acceptance and demand for Bitcoin in the financial world.
BY VIVEK SEN
Vivek Sen is a UK-based news reporter for Bitcoin Magazine.
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Aaron
npub1hc…v2sdl
2024-04-25 16:17:46
Author Public Key
npub1hczrt546la7yfh8scw8l2w3xwg8jw2txq9q6tk7qm0xzt5xvvxwscv2sdlPublished at
2024-04-25 16:17:46Event JSON
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"content": "Morgan Stanley, one of the world's largest investment banks with over $1.4 trillion in assets under management (AUM), is reportedly considering allowing its brokers to directly recommend Bitcoin exchange-traded funds (ETFs) to its customers. \n\n\nThe move comes after the successful launch of Bitcoin Spot ETFs in the United States earlier this year, which have seen significant demand from investors.\n\nMorgan Stanley has been positive about Bitcoin since the approval of Bitcoin ETFs, and the bank opened up Bitcoin ETF purchases to its clients shortly after their launch. However, until now, these purchases have only been available on an unsolicited basis, meaning that brokers could not actively pitch the products to their clients.\n\nThe potential change in policy would enable Morgan Stanley brokers to recommend Bitcoin ETFs to their customers proactively. \n\nA Morgan Stanley executive, as reported by AdvisorHub, stated, \"We're going to make sure that we're very careful about it...we are going to make sure everybody has access to it. We just want to do it in a controlled way.\"\n\nThe approval of Bitcoin Spot ETFs in the United States has provided a regulated and accessible way for institutional and retail investors to gain exposure to Bitcoin. \n\nThe success of these ETFs has demonstrated the high demand for Bitcoin investment products and has paved the way for increased mainstream adoption.\n\nClick the image to learn more.\nClick the image to learn more.\n\nIf Morgan Stanley proceeds with allowing its brokers to actively recommend Bitcoin ETFs, it could lead to a significant influx of capital into these products. \n\nWith the bank's extensive client base and the trust that investors place in its recommendations, the move could further bolster the growth and legitimacy of Bitcoin as an investment asset.\n\nMoreover, Morgan Stanley's potential embrace of Bitcoin ETFs could send a positive signal to other traditional investors, highlighting the growing acceptance and demand for Bitcoin in the financial world. \n\nBY VIVEK SEN\nVivek Sen is a UK-based news reporter for Bitcoin Magazine.\n\nLEGAL\nSAMOURAI WALLET RESPONSE TO FINCEN...\nBY SAMOURAI WALLETJAN 24, 2024\nOPINION\nBUSINESS\nHONG KONG BITCOIN ETFS TO TRADE BY...\nBY VIVEK SENAPR 17, 2024\nNEWS\nTECHNICAL\nHOW TO KEEP YOUR BITCOIN SAFE WHEN...\nBY SHINOBIAPR 23, 2024\nOPINION\nBUSINESS\nBITCOIN MIXING SERVICE SAMOURAI...\nBY NIK HOFFMAN20 HOURS AGO\nNEWS\nBUSINESS\nBLOCK ENABLES MILLIONS OF SQUARE...\nBY NIK HOFFMANAPR 24, 2024\nNEWS\n\nSEE MORE\nBTC Inc.\n© 2024\nABOUT BITCOIN MAGAZINE\nADVERTISE\nTERMS OF USE\nPRIVACY POLICY\nB.TC INC\nJOBS\nPRIVACY SETTINGS\n#plebchain",
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