Morgan Stanley Opens Up to Crypto ETFs
As regulators have warmed up to crypto and assets have poured into ETFs, advisors who ignore the trend risk losing clients, proponents said.
A domino just fell in the crypto ETF market. Morgan Stanley no longer places restrictions on which clients can invest in digital asset ETFs.
- Until now, the firm had limited access to risk-happy clients with investable assets of at least $1.5 million.
- The shift follows a string of developments in the broader digital-asset ETF market.
The biggest fund, the iShares Bitcoin Trust (IBIT) is the fastest-growing exchange-traded product in history, and it’s nearing $100 billion in assets.
Investors, meanwhile, got a painful reminder last week of how volatile Bitcoin can be, with prices dropping 12%.
Author's summary: Morgan Stanley lifts restrictions on crypto ETFs.