The post Morgan Stanley Gives Green Lights To Financial Advisors To Offer Bitcoin ETFs appeared first on Coinpedia Fintech News
Morgan Stanley gave thousands of financial advisers the green light to solicit eligible clients to purchase spot Bitcoin exchange-traded funds as soon as next week. The company in a memo told its 15,000-strong adviser base they can offer some clients to buy either BlackRock Inc.’s iShares Bitcoin Trust (ticker IBIT) or the Fidelity Wise Origin Bitcoin Fund (FBTC). Only clients who have a net worth of at least $1.5 million, high-risk tolerance, and the intention to invest in speculative assets can be solicited.