Jamie Crawley is a CoinDesk news reporter based in London.
Bitcoin Trading Sideways Is the 'Best Thing' for Long-Term Holders: eToro US AnalystTrump-Linked Website Is Selling 'Bitcoin Sneakers;' Tether Reports Record Net Profits This Yearexchange-traded funds to wealthy clients starting Wednesday, according to CNBC.
Morgan Stanley is allowing its 15,000+ financial advisers to sell shares of BlackRock's IBIT and Fidelity's FBTC,, citing people familiar with the matter. Clients will need to have a net worth of at least $1.5 million. January's approval of spot bitcoin ETFs in the U.S. brought hopes the investment vehicles would attract the deep pockets of financial institutions to cryptocurrency. However, major companies like Morgan Stanley often have lengthy compliance and review processes to undertake before they approve funds to be offered to their clients.
The bank, which holds $1.5 trillion in assets under management , made the move in response to demand from clients, according to the report., a sign that it may have planned to offer ETFs to clients at some point.
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