According to BlockBeats, Morgan Stanley is reportedly planning to introduce a Bitcoin ETF to its clients through its 15,000 brokers. This information was revealed by insiders and reported by AdvisorHub on April 25. Since receiving regulatory approval in January, Morgan Stanley has been offering a Bitcoin ETF, but it has not been actively promoted. Clients still had to consult their advisors about investing in it.
This situation is expected to change, as insiders claim that Morgan Stanley plans to introduce the Bitcoin ETF to every client in a controlled manner. This move by Morgan Stanley is seen as a significant step in bringing cryptocurrency further into the mainstream financial world. However, the details of how this will be implemented are yet to be disclosed.