Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank

Key Points

Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned.
The firm’s 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting Aug. 7, according to people with knowledge of the policy.
Those funds are BlackRock’s IShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, the people said.

Source

Finance

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