ChainCatcher news, according to Bitcoinist, John Reed Stark, former head of the Internet Enforcement Division of the US SEC, said that Morgan Stanley's recent large-scale Bitcoin ETF may expose it to stricter regulatory scrutiny.
Earlier this week, the Wall Street giant announced plans to allow its 15,000 licensed financial advisors to begin promoting Bitcoin spot ETFs to clients. Including BlackRock's IBIT and Fidelity's FBTC. But it is limited to high-net-worth individuals with a net worth of US$1.5 million or more and high risk tolerance.