Morgan Stanley's 15,000 advisors can pitch Bitcoin ETFs from BlackRock and Fidelity to clients with $1.5 million net worth, high risk tolerance, and an interest in speculative investments.
The move signifies a cautious approach to Bitcoin, limiting investments to taxable accounts and monitoring to prevent excessive exposure.
Unlike other major banks restricting Bitcoin ETF pitches, Morgan Stanley's decision is seen as a substantial leap in institutional adoption of Bitcoin in traditional finance.
This move by Morgan Stanley sets a significant precedent for other wealth management firms, showcasing the increasing integration of Bitcoin into mainstream financial services.
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