{"id":35395,"date":"2024-08-03T16:24:36","date_gmt":"2024-08-03T16:24:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/morgan-stanley-allows-advisors-to-offer-bitcoin-etfs-to-clients\/"},"modified":"2024-08-03T16:24:36","modified_gmt":"2024-08-03T16:24:36","slug":"morgan-stanley-allows-advisors-to-offer-bitcoin-etfs-to-clients","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/morgan-stanley-allows-advisors-to-offer-bitcoin-etfs-to-clients\/","title":{"rendered":"Morgan Stanley allows advisors to offer Bitcoin ETFs to clients"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/morgan-stanley-logo-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/morgan-stanley-logo-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/morgan-stanley-logo-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/morgan-stanley-logo-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Morgan Stanley has become the first major Wall Street bank to allow its financial advisors to offer Bitcoin exchange-traded funds to its clients.<\/span><\/li>\n<li>Over 15,000 of the bank\u2019s financial advisors have the go ahead to pitch Bitcoin ETFs to eligible Morgan Stanley clients starting on Aug. 7, 2024.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">According to a CNBC<\/span> <a href=\"https:\/\/www.cnbc.com\/2024\/08\/02\/morgan-stanley-wealth-advisors-bitcoin-etfs.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">report<\/span><\/a><span style=\"font-weight: 400\"> on Friday, Morgan Stanley\u2019s 15,000 financial advisors can, from Aug. 7, offer <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-etf\/\">spot Bitcoin ETFs<\/a> to the bank\u2019s e clients. This sees the bank becomes the first Wall Street banking giant to take this step amid growing demand.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the reporting, the US-based wealth management giant has allowed two funds for pitching to its customers \u2013 BlackRock\u2019s\u00a0 <a href=\"https:\/\/coinjournal.net\/news\/blackrock-flips-grayscale-to-become-worlds-largest-bitcoin-etf\/\">iShares Bitcoin Trust (IBIT)<\/a> and Fidelity\u2019s Wise Origin Bitcoin Fund (FBTC).<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, while Morgan Stanley has allowed advisors to solicit these ETFs for clients, they will only be accessible to those who qualify. For instance, only clients whose net worth is $1.5 million or more, show an aggressive risk tolerance and want to invest in a speculative investment, will be eligible.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The bank will also allow these Bitcoin ETF investments in clients\u2019 taxable brokerage accounts, and not their retirement accounts.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">FUN FACT: Morgan Stanley&#8217;s advisors manage $5.7 TRILLION in client assets.<\/p>\n<p>And next week, their 15,000 advisors can solicit eligible clients BlackRock and Fidelity&#8217;s <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETFs \ud83d\ude80 <a href=\"https:\/\/t.co\/QTA0xHvxMo\">pic.twitter.com\/QTA0xHvxMo<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1819413773452443778?ref_src=twsrc%5Etfw\">August 2, 2024<\/a><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">Spot Bitcoin ETFs market<\/span><\/h2>\n<p><span style=\"font-weight: 400\">IBIT and FTBC are among the 11 spot exchange-traded funds the US Securities and Exchange Commission approved for trading in January 2024. These spot ETFs allow investors to purchase and trade shares of products that track the market performance of the world\u2019s largest digital asset Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Like other spot crypto ETFs, IBIT and FBTC offer an investment vehicle for those looking to gain exposure to Bitcoin via a structure that\u2019s easily accessible and readily tradable.<\/span><\/p>\n<p><span style=\"font-weight: 400\">US spot Bitcoin ETFs so far hold a total of $57.2 in net assets, while data shows cumulative net inflows were at $17.5 billion as of Friday, Aug. 2.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"noopener\">data by SoSoValue<\/a>, the spot Bitcoin ETFs saw net outflows of over $237 million on Aug. 2, 2024, with over $104 million flowing out of Fidelity\u2019s IBIT. Grayscale\u2019s GBTC saw outflows of over $45.9 million. <\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, BlackRock\u2019s IBIT recorded inflows of $42.8 million. The Grayscale Bitcoin Mini Trust (BTC), which <a href=\"https:\/\/coinjournal.net\/news\/grayscales-bitcoin-mini-trust-btc-goes-live-on-nyse-arca\/\">went live on the NYSE Arca<\/a> this week, recorded over $9.8 million in inflows.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/morgan-stanley-allows-advisors-to-offer-bitcoin-etfs-to-clients\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Morgan Stanley has become the first major Wall Street bank to allow its financial advisors to offer Bitcoin exchange-traded funds to its clients. Over 15,000 of the bank\u2019s financial advisors have the go ahead to pitch Bitcoin ETFs to eligible Morgan [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":35396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35395"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35395"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35396"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}