BREAKING: Top U.S. Bank to Allow Consultants to Promote Bitcoin ETF
A few days ago, Bloomberg reported that Morgan Stanley will enable thousands of its financial advisors to start recommending spot Bitcoin exchange-traded funds (ETFs) to clients in the near future.
The firm has reportedly informed its 15,000 advisors that they can begin offering clients the option to invest in BlackRock Inc.’s iShares Bitcoin Trust (IBIT) or the Fidelity Wise Origin Bitcoin Fund (FBTC). Despite multiple reports, including one by CNBC, Morgan Stanley chose not to comment on the development at the time.
According to new information from multiple sources on X (Twitter), including Poloniex and Cointelegraph , the bank’s financial advisors are officially allowed to offer clients trading in Bitcoin ETFs as of today, a historic first for a major bank.
The new policy restricts offers to clients who meet certain criteria: they must have a net worth of at least $1.5 million, possess a high-risk tolerance, and be interested in speculative investments.
Morgan Stanley’s move may influence other banks that are cautious about entering the digital asset space to reconsider their stance. After the U.S. Securities and Exchange Commission approved several spot Bitcoin ETFs in January, those funds have significantly exceeded expectations in terms of assets and flows.
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.
You may also like
As economic cracks deepen, bitcoin may become the next liquidity "release valve"
The US economy is showing a divided state, with financial markets booming while the real economy is declining. The manufacturing PMI continues to contract, yet the stock market is rising due to concentrated profits in technology and financial companies, resulting in balance sheet inflation. Monetary policy struggles to benefit the real economy, and fiscal policy faces difficulties. The market structure leads to low capital efficiency, widening the gap between rich and poor and increasing social discontent. Cryptocurrency is seen as a relief valve, offering open financial opportunities. The economic cycle oscillates between policy adjustments and market reactions, lacking substantial recovery. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
The wave of cryptocurrency liquidations continues! US Bitcoin ETF sees second highest single-day outflow in history
Due to the reassessment of Federal Reserve rate cut expectations and the fading rebound of the U.S. stock market, the crypto market continues to experience liquidations, with significant ETF capital outflows and options traders increasing bets on volatility. Institutions warn that technical support for bitcoin above $90,000 is weak.
When traditional financial markets fail, will the crypto industry become a "pressure relief valve" for liquidity?
As long as the system continues to recycle debt into asset bubbles, we will not see a true recovery—only a slow stagnation masked by rising nominal figures.
A Quiet End to 2025 Could Prime Crypto for a 2026 Breakout, Analysts Say
Trending news
MoreCrypto prices
More
