Bitcoin

Morgan Stanley is the first major Wall Street bank to let its financial advisors offer Bitcoin ETFs to clients. Starting August 7, 2024, advisors will be able to recommend these investments to eligible clients, according to CNBC.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5725048655a64b68b074e62873d7e1bb.png" />Morgan Stanley has about 1,500 advisors who can now recommend shares of BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to clients. This move comes after the <a href="https://cryptosheadlines.com/sec-expects-spot-bitcoin-etf-approval-by-jan-10th-2024/" rel="noopener noreferrer nofollow">SEC approved 11 spot Bitcoin ETFs</a> in January.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8e9bedfb0ad94b298deefe684e9f14df.png" /><h3 id="morgan-stanley-expands-bitcoin-etf-offerings-to-wealthy-clients">Morgan Stanley Expands Bitcoin ETF Offerings to Wealthy Clients</h3>Morgan Stanley is now <a href="https://cryptosheadlines.com/bitcoin-etf-fees-competition-grayscale-considers-split-vaneck-offers-zero-fees-until-2025/" rel="noopener noreferrer nofollow">offering Bitcoin ETFs</a> to clients who meet specific criteria. Only those with a net worth of at least $1.5 million, an aggressive risk tolerance, and an interest in speculative investments qualify for Bitcoin ETF solicitation.These investments are designated for taxable brokerage accounts rather than retirement accounts. This move signifies a significant step towards broader retail <a href="https://cryptosheadlines.com/early-bitcoin-adopter-recommends-buying-shiba-inu/" rel="noopener noreferrer nofollow">Bitcoin adoption</a>, as more investors are now able to gain exposure to cryptocurrency.By making Bitcoin more accessible to an affluent audience, Morgan Stanley is likely to boost demand for the digital asset, highlighting its growing acceptance in mainstream finance.<h3 id="investor-sees-bitcoin-surge-after-morgan-stanley-move">Investor Sees Bitcoin Surge After Morgan Stanley Move</h3>Investor Gary Cardone shared an optimistic outlook on X (formerly Twitter) regarding Morgan Stanley’s decision to offer <a href="https://cryptosheadlines.com/sec-accepts-bitcoin-etf-application-from-blackrock/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a>. He stated, “15,000 of the best compensated sales people in the world who will harvest the richest families and institutions in the world and put them into Bitcoin. I predict $3 trillion market cap inbound to Bitcoin in under 18 months!”<a href="https://cryptosheadlines.com/reap-rewards-with-top-meme-coin-presale-as-the-graph-battles-it-out-with-bearish-trends/" rel="noopener noreferrer nofollow">Also Read: Reap Rewards with Top Meme Coin Presale as The Graph Battles it Out with Bearish Trends</a>A <a href="https://cryptosheadlines.com/korean-think-tank-claims-spot-crypto-etfs-hurt-local-economy/" rel="noopener noreferrer nofollow">spot crypto ETF</a> is designed to track the price of a specific cryptocurrency, with the fund’s portfolio investing directly in that crypto. These funds are traded on public exchanges and typically follow the value of a particular cryptocurrency closely.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8e9bedfb0ad94b298deefe684e9f14df.png" />Similar to other funds, <a href="https://cryptosheadlines.com/crypto-exchange-ceo-sells-personal-stock-exchange-warning-from-investor-peter-brandt/" rel="noopener noreferrer nofollow">crypto ETFs are available on regular stock exchanges</a>, allowing investors to include them in their standard brokerage accounts. Bitcoin ETFs, in particular, offer a way for investors to gain exposure to Bitcoin without the need to directly hold the cryptocurrency.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b094e5f359744536b1b08c546ab55953.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>

Morgan Stanley to Let Advisors Offer Bitcoin ETFs

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