Morgan Stanley to Offer Bitcoin ETFs to Wealth Clients: CNBC

In a significant move among major Wall Street banks, Morgan Stanley will soon allow its financial advisors to offer Bitcoin ETFs to certain clients, CNBC reports. Starting Wednesday, the firm’s 15,000 advisors can pitch BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients.

BREAKING: Morgan Stanley tells wealth advisors they can pitch #Bitcoin ETFs, CNBC reports. pic.twitter.com/2tgSeR2yEm

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Morgan Stanley’s move is in response to high client demand for Bitcoin. However, the bank is still maintaining a cautious approach to Bitcoin: only clients with a net worth of at least $1.5 million, a…

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