Morgan Stanley to Launch Spot Bitcoin Exchange Traded Funds (ETFs) Through Its Network of 15,000 Financial Advisors

The Bitcoin investment landscape is set for a major shift as Morgan Stanley, a leading global financial services firm, gears up to launch spot BTC

Morgan Stanley to Launch Spot BTC ETFs via 15,000 Advisors Starting August 7 Bitcoin (BTC) investment is set to undergo a major shift as Morgan Stanley, a leading global financial services firm, prepares to launch spot BTC Exchange Traded Funds (ETFs) through its network of 15,000 financial advisors. Commencing tomorrow, August 7, this move will, for the first time, enable a major Wall Street bank to facilitate such widespread direct access to Bitcoin investment products.

According to an initial report by CNBC on August 2, this development follows the US Securities and Exchange Commission’s approval of 11 spot BTC ETFs earlier this year. Commencing Wednesday, Morgan Stanley advisors will be permitted to offer shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) to their clients.

“This will be fading in to the rearview once Morgan Stanley’s 15,000 financial advisors start putting the BTC ETFs in client portfolios. I can tell that most people don’t really understand what this means yet. The US wealth management business is a beast,” said Mike Alfred, CEO of Digital Assets Data and Managing Partner at Alpine Fox LP.

The ETFs will be made available only to clients who fulfill specific criteria, including a net worth of at least $1.5 million, a high risk tolerance, and an expressed interest in speculative investments. “This targeted approach ensures that the offering is matched with the risk profile and investment objectives of suitable clients,” stated a source familiar with the policy.

“This is huge. Currently all of the private wealth advisors are “reverse inquiry only”, meaning they are not allowed to market the BTC ETF to their clients. That’s only now changed,” said Haseeb Qureshi, Managing Partner at Dragonfly.

“This reflects growing client demand and signifies a major step in Bitcoin’s mainstream adoption. Only clients with a net worth of at least $1.5 million, high risk tolerance, and an interest in speculative investments are eligible, and these investments are limited to taxable brokerage accounts,” commented Scott Melker, known online as “The Wolf Of All Streets,” on the implications of this move.

“Morgan Stanley will soon allow financial advisors to offer Bitcoin ETFs. Morgan Stanley’s advisors manage $5.7 trillion in client assets, the biggest of the wirehouses,” noted Quinten Francois, a prominent crypto analyst.

“Morgan Stanley just changed the advisory game and started the hunger games for advisors, they’re bringing 15,000 hungry, commission driven sales people to the Bitcoin army to attack their $1.46T of assets under management,” added popular Bitcoin analyst British HODL (@BritishHodl) via X at press time.

BTC fiyatı haberlerin yazıldığı sırada 54.831 dolardı.

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