Insider: Morgan Stanley is paying attention to the development of the Ethereum ETF market
2024-08-02 14:59:52
Odaily News According to people familiar with the matter, Morgan Stanley is watching the development of the newly approved Ethereum ETF market, but has not yet committed to whether it will provide its clients with access to these ETFs. (CNBC) Earlier, people familiar with the matter revealed that Morgan Stanley will provide its eligible clients with BlackRock and Fidelity's Bitcoin ETFs, namely: IShares Bitcoin Trust and Wise Origin Bitcoin Fund. People familiar with the matter said that only clients with a net worth of at least $1.5 million, active risk tolerance and a willingness to invest speculatively are suitable for participating in Bitcoin ETFs, and Morgan Stanley will monitor clients' cryptocurrency holdings to ensure that they are not overly exposed to this volatile asset class.
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