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.
摩根士丹利最近成爲第一家允許其財務顧問向客戶推薦比特幣(加密貨幣:BTC)ETF的華爾街大型銀行,標誌着加密貨幣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名顧問可以推薦兩隻特定的比特幣ETF,分別是貝萊德的iShares比特幣信託基金(NYSE:IBIT)和富達的智慧起源比特幣基金(NYSE:FBTC),爲在金融顧問行業中更廣泛接受加密貨幣鋪平了道路。
For now, Morgan Stanley is taking a cautious approach:
目前,摩根士丹利採取謹慎的方式:
- 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.
- 只有符合以下條件的資格客戶才會被視爲合適:至少淨資產150萬美元、高風險承受能力和對投機投資感興趣。
- 投資旨在用於應稅證券經紀帳戶,而非養老帳戶。
- 銀行將監視客戶的加密貨幣持倉以防止過度暴露。
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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.
這一舉措是在美國證券交易委員會於1月批准11個場內比特幣ETF六個月多後推出的。儘管比特幣存在波動性並受到傑米·戴蒙和禾倫·巴菲特等知名人士的批評,但它被集成到主流金融中的進程仍在繼續。
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.
摩根士丹利的決定與高盛、摩根大通、美國銀行和富國銀行等同行的做法形成對比,這些同行目前尚未主動提供這些ETF。摩根士丹利的轉變回應了客戶需求增長和數字資產市場的發展。
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.
這不是摩根士丹利首次嘗試加密貨幣投資。2021年,它批准購買了來自Galaxy和FS NYDIG的私募基金。該銀行還在監測新批准的以太幣ETF,但尚未決定通過顧問提供訪問這些產品。
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.
摩根士丹利對比特幣ETF的謹慎接受反映了傳統金融與新興加密貨幣市場之間持續存在的緊張關係。隨着客戶興趣的增加和監管的明確,其他主要金融機構可能會跟進,進一步加速加密貨幣融入主流投資組合的過程。金融顧問應該注意。
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.
如果你想了解更多關於加密貨幣投資、最新動態和監管更新的信息,請訂閱Future Finance:一份融合了金融科技、加密貨幣和金融未來的新聞簡報。
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Photo: Shutterstock
Photo: shutterstock