Morgan Stanley, a major player in the banking industry, may soon enable its 15,000 brokers to propose Bitcoin ETFs (Exchange-Traded Funds) as investment options to their clients.
Based on information from an AdvisorHub report, which relied on insider accounts, the bank hasn’t actively recommended Bitcoin ETF investments to brokers. Instead, these options have been extended without prior request. Consequently, clients would need to contact their advisors at the brokerages if they are interested in investing in Bitcoin ETFs.
Under the new bank policy, a foundation will be laid for making pre-approved purchases. This will come with risk acceptance thresholds, as well as restrictions on how much can be invested and how often transactions can be made.
The source indicated that the bank is committed to ensuring equal access for all, but they are proceeding with caution.
After Bitcoin ETFs became available in January, significant brokers such as Morgan Stanley, Merrill Lynch, and Wells Fargo have begun investing in this sector. Similar to Morgan Stanley’s approach, their involvement is confined to customers making independent investments without their guidance.
Morgan Stanley’s latest action demonstrates once more the escalating interest from institutional investors in Bitcoin ETFs. A representative from the firm shared that they have observed similar tendencies among their own clients. Nevertheless, Bitcoin is still viewed as a risky investment by many.
“For most of those people, it’s quite interesting, so they put in a little bit of money.”
Recently, Bitcoin exchange-traded funds (ETFs) have led to a significant surge of investments in the cryptocurrency market. Lately, though, the rate of new inflows appears to be decelerating. For instance, BlackRock, a major ETF issuer, reported no daily inflows for the first time on April 24th.
Some other Bitcoin ETFs have experienced decreasing investments recently, with only two exceptions: Idemia Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB), which attracted inflows of $5.6 million and $4.2 million respectively. The total assets in the US Bitcoin ETF market currently amount to around $12.3 billion.
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Grimguard Tactics tier list – Ranking the main classes
- Maiden Academy tier list
- Mini Heroes Magic Throne tier list
- Castle Duels tier list – Best Legendary and Epic cards
- Fortress Saga tier list – Ranking every hero
- Kingdom Rush 5: Alliance tier list – Every hero and tower ranked
- Hero Tale best builds – One for melee, one for ranged characters
- DOGE PREDICTION. DOGE cryptocurrency
- Tainted Grail The Fall of Avalon: How To Get Wood
2024-04-25 13:33