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Morgan Stanley Allows 15,000 Brokers to Recommend Bitcoin ETF Purchase 

Published 04/25/2024, 06:03 PM
Updated 04/25/2024, 06:15 PM
© Reuters. Morgan Stanley Allows 15,000 Brokers to Recommend Bitcoin ETF Purchase 

  • Morgan Stanley allows 15,000 brokers to solicit customer purchases of Bitcoin ETFs.

  • The firm plans to implement risk tolerance requirements and limits on allocation and trading frequency.

  • The company executives state that Morgan Stanley assures every one of the accessibility of ETFs.

A recent report revealed Morgan Stanley’s plans to explore the expanding Bitcoin exchange-traded funds (ETFs) market. The firm reportedly plans to allow its 15,000 brokers to encourage customers to purchase Bitcoin ETFs.

Two senior executives familiar with the matter shared insights on the company’s plans to establish “guardrails” for solicited purchases. The firm plans to implement risk tolerance requirements and limits on allocation and trading frequency. Though neither of the executives revealed the exact timeframe for the company’s policy changes, one of the executives stated,

“We’re going to make sure that we’re very careful about it. We are going to make sure everybody has access to it. We just want to do it in a controlled way.”

The second executive stated that the customers have shown strong interest in purchasing Bitcoin ETFs. He added that th…

The post Morgan Stanley Allows 15,000 Brokers to Recommend Bitcoin ETF Purchase appeared first on Coin Edition.

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