Morgan Stanley Gives Green Lights To Financial Advisors To Offer Bitcoin ETFs
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Morgan Stanley gave thousands of financial advisers the green light to solicit eligible clients to purchase spot Bitcoin exchange-traded funds as soon as next week. The company in a memo told its 15,000-strong adviser base they can offer some clients to buy either BlackRock Inc.’s iShares Bitcoin Trust (ticker IBIT) or the Fidelity Wise Origin Bitcoin Fund (FBTC). Only clients who have a net worth of at least $1.5 million, high-risk tolerance, and the intention to invest in speculative assets can be solicited.
