Morgan Stanley is considering allowing its brokers to actively recommend Bitcoin Exchange-Traded Funds (ETFs), according to an AdvisorHub report.
Morgan Stanley is considering allowing advisors to recommend Bitcoin ETFs to clients per an AdvisorHub report. Bank of America’s Merrill Lynch and Wells Fargo currently offer Bitcoin ETFs on an unsolicited basis. Bitcoin could mimic the capital inflow and price gains in Gold post ETF launch. Morgan Stanley is considering allowing its brokers to actively recommend Bitcoin Exchange-Traded Funds , according to an AdvisorHub report.
A new AdvisorHub report surfaced, stating that Morgan Stanley bank is exploring allowing its brokers to actively recommend Bitcoin ETFs. This could usher a rise in capital inflow to the investment product. Rising capital inflow typically influences price positively, as it feeds into demand for the asset. Previously, Morgan Stanley only permitted unsolicited Bitcoin ETF purchases.
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Morgan Stanley May Soon Allow Brokers to Pitch Bitcoin ETFs to Customers: ReportParikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.
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