Morgan Stanley Advisors to Market Bitcoin ETFs to Wealthy Clients
The financial giant's advisors can now recommend BlackRock and Fidelity's bitcoin ETFs to select investors with high risk tolerance.
- Only clients with a net worth of at least $1.5 million and an aggressive risk profile qualify.
- This marks the first time a major Wall Street bank actively pitches bitcoin ETFs.
- The decision follows January's approval of spot bitcoin ETFs in the U.S.
- Morgan Stanley manages nearly $5.7 trillion in client assets.
- The move could increase adoption of digital assets in traditional finance.