7 months ago
36 ARTICLE AD
The financial giant is thinking of allowing brokers to promote Bitcoin funds, expanding crypto access to more investors.
Morgan Stanley is considering allowing its 15,000 brokers to recommend Bitcoin exchange-traded funds (ETFs) to clients, reported AdvisorHub on April 24.
The financial institution had initially approved Bitcoin ETF purchases following regulatory approval earlier this year. However, clients had to proactively request these products from advisors.
Now, Morgan Stanley is weighing a shift to let brokers actively promote Bitcoin ETFs, which may result to an increase in demand but also opens the firm to more legal risks. The company is establishing “guardrails” for solicited crypto ETF purchases, including risk tolerance checks and trading limits.
An unnamed Morgan Stanley executive reportedly said that the firm is “going to make sure that we’re very careful about it,” adding that the goal behind the initiative is to serve and provide access to as many investors as possible.
“We are going to make sure everybody has access to it. We just want to do it in a controlled way,” the exec stated.
The executive(s) did not provide a timeline for finalizing the policy review.
Market analysts see this as favorable for crypto, contrasting it with Morgan Stanley’s past reserved stance. Thomas Fahrer, Apollo Sats co-founder, said: “This is a big change from their ‘if they ask’ approach.”
According to Farside Investors, Bitcoin spot ETFs have attracted $12.29 billion in net inflows and manage over $53 billion in assets. However, recent data shows declining inflows. CryptoSlate reported BlackRock’s ETF saw no daily inflow for the first time on April 24.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
