Coinspeaker
Morgan Stanley to Allow 15,000 Brokers to Offer Spot Bitcoin ETFs

In the latest development, banking giant Morgan Stanley stated that it would allow its 15,000 brokers to distribute the newly introduced spot Bitcoin ETF funds. Ever since their inception in January 2024, Morgan Stanley has been offering its clients exposure to spot Bitcoin ETFs, however, on an unsolicited basis.

Thus, it was only available when the customers approached the advisors about investing in Bitcoin ETF. However, the bank’s 15,000 brokers and advisors will be now able to recommend the product. Banking giant Morgan Stanley stated that they are still working on “guardrails” for all solicited purchases.

One of the executives at Morgan Stanley told AdvisorHub that these guardrails include risk tolerance requirements as well as limits on trading frequency and allocation. The executive said:

“We’re going to make sure that we’re very careful about it. We are going to make sure everybody has access to it. We just want to do it in a controlled way.”

Morgan Stanley’s peers have adopted a similarly cautious stance. Following regulatory approval, B...