According to Odaily, former head of the SEC's Internet Enforcement Division, John Reed Stark, has indicated that Morgan Stanley's recent launch of a large-scale Bitcoin ETF could subject the firm to more stringent regulatory scrutiny. Earlier this week, the Wall Street giant announced plans to allow its 15,000 licensed financial advisors to begin marketing Bitcoin spot ETFs to clients. These include BlackRock's IBIT and Fidelity's FBTC. However, this offering is limited to high-net-worth individuals with a net worth of $1.5 million or more and a high risk tolerance.