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Bitcoin continues to grab the world’s attention and increase its adoption levels, especially through the exchange-traded funds tracking its performance.
In the latest major news on the ETF frontline, Morgan Stanley reportedly informed its financial advisors that they will be able to offer two Bitcoin ETFs to wealthy clients.at the start of the year. Since then, the products have collectively amassed just under $18 billion in assets under management from different types of investors, including institutions like pension funds.
Morgan Stanley, a US banking giant that has showcased serious support to the industry in the past several years, is the latest to join the ETF landscape., the Wall Street behemoth has informed its 15,000 or so financial advisors that they can start offering certain clients the opportunity to invest in two spot Bitcoin ETFs from August 7.
Nevertheless, the BTC offerings will be available only to a certain cohort of investors; their net worth has to be north of $1.5 million, they need to have “an aggressive risk tolerance and the desire to make speculative investments.”9 Best Ethereum ETFs in 2024: Full Comparison, Fees, AlternativesSign-up FREE to receive our extended weekly market update and coin analysis report
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