Morgan Stanley is considering broadening its Bitcoin ETF options by enabling its 15,000 brokers to propose these financial instruments to their clients in response to the escalating interest in cryptocurrency investments. At present, the bank permits the sale of Bitcoin ETFs only when clients explicitly request it.
A possible change in policy could allow financial advisors to be more assertive, expanding their clientele while carrying additional responsibilities.
To deal with this issue, Morgan Stanley intends to implement measures for requested transactions, including evaluating risk appetite, defining investment limits, and controlling buying frequency. No definitive implementation schedule has been announced.
Starting in January, the financial sector has shown growing openness to cryptocurrency offerings, as evidenced by the Securities and Exchange Commission’s approval of 11 Bitcoin ETF proposals from companies such as BlackRock and Fidelity. Not every application is prepared for public use at this time.
Hong Kong’s role in the cryptocurrency market is set to grow stronger, as the Hong Kong Securities and Futures Commission has given the green light for propositions to introduce Bitcoin and Ethereum spot Exchange-Traded Funds (ETFs) by the end of April.
Despite these advancements, some executives hold the view that Bitcoin ETFs are risky investments and prefer a cautious approach when considering their addition to conventional investment portfolios.
Also read: BlackRock Bitcoin ETF Records First $0 Inflow Day
Read More
- Cookie Run Kingdom Town Square Vault password
- Maiden Academy tier list
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Wizardry Variants Daphne tier list and a reroll guide
- Girls Frontline 2 Exilium tier list
- Chhaava OTT release: Where is Vicky Kaushal and Rashmika Mandanna’s film expected to stream after theatrical run? Find out
- 10 Hardest Bosses In The First Berserker: Khazan
- ‘Bachelor’ Co-Executive Producers Exit Franchise
- Tap Force tier list of all characters that you can pick
- Irv’s Dream In Severance’s ‘Woe’s Hollow’ Made My Skin Crawl, And John Turturro Told Me How It Set Up That Big Helly Reveal
2024-04-25 12:36