$1.3 trillion asset manager Morgan Stanley will allow advisors to offer spot #Bitcoin ETFs to clients.
Morgan Stanley will permit its financial advisors to offer spot Bitcoin ETFs to eligible clients starting August 7, 2024. This marks a significant move among major Wall Street firms, allowing approximately 15,000 advisors to pitch BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund. Clients must have a minimum net worth of $1.5 million and a high-risk tolerance. This decision responds to client demand and reflects the evolving landscape of digital asset investments, despite caution regarding excessive exposure to cryptocurrency.
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