Morgan Stanley plans to allow its 15,000 brokers to recommend Bitcoin ETFs to clients, people familiar with the matter said
2024-04-25 00:56:22
Odaily Planet Daily News: According to two executives familiar with Morgan Stanley's plans, the company is exploring expanding the sale of Bitcoin ETFs and plans to allow its approximately 15,000 brokers to recommend the purchase of this product to clients. Since obtaining regulatory approval in January, Morgan Stanley has offered Bitcoin ETFs, but it has only offered them and has not actively promoted them, which means that clients still have to consult their advisors about investment matters. It is worth mentioning that allowing advisors to promote these products may increase demand, but it will also impose additional responsibilities on the company. One of the executives said: "We will make sure to be very cautious about this and will make sure everyone has access to it. We just want to move forward in a controlled way." (AdvisorHub)
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