Morgan Stanley is contemplating allowing its extensive network of 15,000 brokers to propose Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) to clients, aiming to drive significant inflows into the cryptocurrency market while exercising caution.
Despite a recent decline in demand for spot Bitcoin ETFs, the SEC's approval of 11 such ETFs has spurred mainstream adoption, with major financial firms like BlackRock leading the way.
BlackRock's iShares Bitcoin Trust (IBIT) has recorded a notable streak of attracting assets, signaling a shift in attitude towards Bitcoin among major asset managers.
Morgan Stanley's potential move could expand the accessibility of Bitcoin ETFs to a broader investor base, contributing to the growing acceptance of Bitcoin as a viable investment option.