Although billions of dollars have already been invested in these products, the investment floodgates might not fully open until the bitcoin ETFs are offered by big registered investment advisor (RIA) networks and broker-dealers platforms such as those attached to firms like Merrill Lynch, Morgan Stanley, Wells Fargo and others.
| less than a minute read
Morgan Stanley evaluating spot Bitcoin ETFs for its giant brokerage platform
The wealth management firm’s former CFO, Jonathan Pruzan, said at the time that the bank was allowing qualified investors to gain access to two passive funds. It is understood that these funds were offered by Galaxy Digital and NYDIG.
