Good morning brother in arms 🇺🇸🇮🇪✌️
Absolutely fabulous fantastic listen #plebchain
I followed you pastor I'm an Irish catholic 🙏
Morgan Stanley, one of the world's largest investment banks with over $1.4 trillion in assets under management (AUM), is reportedly considering allowing its brokers to directly recommend Bitcoin exchange-traded funds (ETFs) to its customers.
The move comes after the successful launch of Bitcoin Spot ETFs in the United States earlier this year, which have seen significant demand from investors.
Morgan Stanley has been positive about Bitcoin since the approval of Bitcoin ETFs, and the bank opened up Bitcoin ETF purchases to its clients shortly after their launch. However, until now, these purchases have only been available on an unsolicited basis, meaning that brokers could not actively pitch the products to their clients.
The potential change in policy would enable Morgan Stanley brokers to recommend Bitcoin ETFs to their customers proactively.
A Morgan Stanley executive, as reported by AdvisorHub, stated, "We're going to make sure that we're very careful about it...we are going to make sure everybody has access to it. We just want to do it in a controlled way."
The approval of Bitcoin Spot ETFs in the United States has provided a regulated and accessible way for institutional and retail investors to gain exposure to Bitcoin.
The success of these ETFs has demonstrated the high demand for Bitcoin investment products and has paved the way for increased mainstream adoption.
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If Morgan Stanley proceeds with allowing its brokers to actively recommend Bitcoin ETFs, it could lead to a significant influx of capital into these products.
With the bank's extensive client base and the trust that investors place in its recommendations, the move could further bolster the growth and legitimacy of Bitcoin as an investment asset.
Moreover, Morgan Stanley's potential embrace of Bitcoin ETFs could send a positive signal to other traditional investors, highlighting the growing acceptance and demand for Bitcoin in the financial world.
BY VIVEK SEN
Vivek Sen is a UK-based news reporter for Bitcoin Magazine.
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Will do Sir let the leftoids Stay Salty.😎
Top Zapper nostr:npub1ezw0xm0w52rd4yfdg9zlw9qvwdy46alzelklkefptrd203m37tuq4djmeg da goat!
You too Sir is President Trump still stuck in New York in the kangaroo court? Makes no odds were winning in a stampede come November, drill baby drill!!!!!!
You can sing that brother!!!
Ah we all make mistakes we learn from them that's the main thing I've made alot myself, but there's good people on here who understand Johnny.
That's a terrific idea Christian's are getting a bad rap worldwide tis past few years it's not fair.
Most definitely people on Nostr are so kind and considerate not like X or other apps were it's just go go go
Sure is mate, sure is!!!!