Morgan Stanley Opens Bitcoin ETFs to Wealthy Clients

Morgan Stanley has officially begun listing shares of two exchange-traded bitcoin funds — with roughly 15,000 financial advisors given the green light to recommend BlackRock’s IShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to clients. That said, the firm will only allow clients with a net worth of at least $1.5 million, a high risk profile and an interest in speculative investing to participate in ETFs and will only be allowed in taxable brokerage accounts compared to retirement. accounts, according to CNBC. Morgan Stanley made the move…