Morgan Stanley may explore allowing brokers to recommend Bitcoin ETFs

Bitget App

Trade smarter

Bitget

News

The Block2024/04/25 04:22

By:Danny Park

The brokerage firm is laying out risk managing requirements for solicited purchases of Bitcoin ETFs, AdvisorHub reported.

Morgan Stanley may explore allowing brokers to recommend Bitcoin ETFs image 0

Morgan Stanley may allow its 15,000 brokers to recommend that customers purchase spot bitcoin exchange-traded funds, according to a report from AdvisorHub on Thursday, which cited two senior executive sources familiar with the company’s plans.

The firm is reportedly establishing the groundwork for solicited purchases, including requirements for risk tolerance and limits on allocation and trading frequency. However, its senior executive sources were not able to provide a timeframe for the policy change, AdvisorHub stated.

Major brokerage firms including Morgan Stanley, Merrill Lynch, and Wells Fargo began offering spot bitcoin ETFs following their January debut but limited purchases to an unsolicited basis, where customers would need to reach out to their advisors.

U.S.-traded spot bitcoin ETFs from major financial institutions including BlackRock, Grayscale, and Ark Invest have amassed a cumulative net inflow of $12.29 billion and over $53.6 billion in assets under management as of Wednesday, according to SoSoValue data .

RELATED INDICES

See crypto indices

In the case of BlackRock, its IBIT spot bitcoin fund accounts for 24% of all their flows from 1,000 ETFs.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

The article discusses the uncertainty in the global economy under the Federal Reserve's policies, particularly Powell's "hawkish rate cuts" and their impact on the market. It analyzes market distortions driven by liquidity, the capital expenditure risks of the AI investment boom, and the loss of trust caused by policy centralization. Finally, the article provides updates on macroeconomic indicators and market trends. Summary generated by Mars AI. This summary is generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative improvement.

MarsBit•2025/11/09 06:06