Morgan Stanley Becomes First Wall Street Giant To Let Advisors Recommend Bitcoin ETFs
Morgan Stanley Becomes First Wall Street Giant To Let Advisors Recommend Bitcoin ETFs
Morgan Stanley recently became the first major Wall Street bank to permit its financial advisors to offer Bitcoin (CRYPTO: BTC) ETFs to clients, marking a significant step in cryptocurrency's mainstream adoption.
摩根士丹利最近成为第一家允许其财务顾问向客户推荐比特币(加密货币:BTC)ETF的华尔街大型银行,标志着加密货币走向主流的重要一步。
As of early August, the bank's 15,000 advisors can recommend two specific bitcoin ETFs: BlackRock's iShares Bitcoin Trust (NYSE:IBIT) and Fidelity's Wise Origin Bitcoin Fund (NYSE:FBTC), paving the way for wider acceptance of crypto in the financial advisor industry.
截至8月初,摩根士丹利的15000名顾问可以推荐两只特定的比特币ETF,分别是贝莱德的iShares比特币信托基金(NYSE:IBIT)和富达的智慧起源比特币基金(NYSE:FBTC),为在金融顾问行业中更广泛接受加密货币铺平了道路。
For now, Morgan Stanley is taking a cautious approach:
目前,摩根士丹利采取谨慎的方式:
- Only eligible clients with a net worth of at least $1.5 million, high risk tolerance, and interest in speculative investments will be considered suitable.
- Investments are intended for taxable brokerage accounts, not retirement accounts.
- The bank will monitor clients' cryptocurrency holdings to prevent excessive exposure.
- 只有符合以下条件的资格客户才会被视为合适:至少净资产150万美元、高风险承受能力和对投机投资感兴趣。
- 投资旨在用于应税证券经纪账户,而非养老账户。
- 银行将监视客户的加密货币持仓以防止过度暴露。
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This move comes more than six months after the SEC approved 11 spot Bitcoin ETFs in January. Despite bitcoin's volatility and criticism from prominent figures like Jamie Dimon and Warren Buffett, its integration into mainstream finance continues to progress.
这一举措是在美国证券交易委员会于1月批准11个场内比特币ETF六个月多后推出的。尽管比特币存在波动性并受到杰米·戴蒙和沃伦·巴菲特等知名人士的批评,但它被集成到主流金融中的进程仍在继续。
Morgan Stanley's decision contrasts with peers like Goldman Sachs, JPMorgan, Bank of America, and Wells Fargo, who are not proactively offering these ETFs as of now. Morgan Stanley's shift responds to growing client demand and an evolving digital asset market.
摩根士丹利的决定与高盛、摩根大通、美国银行和富国银行等同行的做法形成对比,这些同行目前尚未主动提供这些ETF。摩根士丹利的转变回应了客户需求增长和数字资产市场的发展。
This isn't Morgan Stanley's first venture into crypto investments. In 2021, it approved the purchase of private funds from Galaxy and FS NYDIG. The bank is also monitoring newly approved ether ETFs but hasn't decided on offering access to these products through advisors yet.
这不是摩根士丹利首次尝试加密货币投资。2021年,它批准购买了来自Galaxy和FS NYDIG的私募基金。该银行还在监测新批准的以太坊ETF,但尚未决定通过顾问提供访问这些产品。
Morgan Stanley's cautious embrace of Bitcoin ETFs reflects the ongoing tension between traditional finance and the emerging cryptocurrency market. As client interest grows and regulatory clarity improves, other major financial institutions may follow suit, potentially accelerating cryptocurrency's integration into mainstream investment portfolios. Financial advisors should take note.
摩根士丹利对比特币ETF的谨慎接受反映了传统金融与新兴加密货币市场之间持续存在的紧张关系。随着客户兴趣的增加和监管的明确,其他主要金融机构可能会跟进,进一步加速加密货币融入主流投资组合的过程。金融顾问应该注意。
If you want to learn more about crypto investments, the latest developments, and regulatory updates, sign up for Future Finance: the newsletter where fintech, crypto, and the future of finance collide.
如果你想了解更多关于加密货币投资、最新动态和监管更新的信息,请订阅Future Finance:一份融合了金融科技、加密货币和金融未来的新闻简报。
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Photo: Shutterstock
Photo: shutterstock