**Crypto Milestone: Morgan Stanley to Recommend Bitcoin ETFs**

Starting August 7, Morgan Stanley, the largest wealth manager in the U.S., will allow its 15,000 financial advisers to recommend Bitcoin (BTC) exchange-traded funds (ETFs) to clients. Advisors can now suggest BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC).

This move marks a significant shift as major financial advisory firms, known as wirehouses, have been cautious about embracing spot crypto ETFs. Morgan Stanley’s adoption could be a game changer, potentially driving a surge of inflows from advisers into BTC ETFs.