Morgan Stanley is evaluating the prospect of expanding its Bitcoin ETF offerings by allowing its 15,000 brokers to propose these products to clients, trying to fulfill the increased demand for cryptocurrencycurrency investments. The firm now enables the sale of Bitcoin ETFs only if clients express interest beforehand.
To address this, Morgan Stanley wants to introduce specific controls for requested purchases, such as assessing risk tolerance, setting allocation limits, and restricting trading frequency. However, no particular date for these adjustments has been specified.
The prospective policy reform would permit advisors to take a more aggressive approach, perhaps growing the customer base but also creating additional responsibility.
The second Morgan Stanley official stated that while customers have expressed great interest in the Bitcoin ETF, it remains a speculative buy. “Our clients aren’t betting the ranch on Bitcoin,” the executive stated. “For most of those people, it’s quite interesting, so they put in a little bit of money.”
However, even with these advances, some executives believe that Bitcoin ETFs are speculative investment products and seek to have them cautiously included into regular financial portfolios.
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