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<\/a>-traded funds (ETFs) to its customers.\u00a0<\/p>\n JUST IN: Morgan Stanley may allow its 15,000 brokers to recommend #Bitcoin<\/a> ETFs to their clients: Reports <\/p>\n Gradually, then suddenly \ud83d\ude4c pic.twitter.com\/eORWmQnSPA<\/a><\/p>\n \u2014 Bitcoin Magazine (@BitcoinMagazine) April 25, 2024<\/a><\/p>\n 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.<\/p>\n Morgan Stanley has been positive about Bitcoin since the approval of Bitcoin ETFs, and the bank opened up\u00a0Bitcoin ETF<\/a> 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.<\/p>\n The potential change in policy would enable Morgan Stanley brokers to recommend Bitcoin ETFs to their customers proactively.\u00a0<\/p>\n A Morgan Stanley executive, as reported by AdvisorHub, stated,\u00a0“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.”<\/p>\n 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.\u00a0<\/p>\n The success of these ETFs has demonstrated the high demand for Bitcoin investment products and has paved the way for increased mainstream adoption.<\/p>\n