American multinational investment bank, Morgan Stanley is reportedly exploring the possibility of allowing its extensive brokers to recommend Spot Bitcoin Exchange Traded Funds (ETFs) to clients.

Morgan Stanley To Recommend Spot Bitcoin ETFs

Morgan Stanley is considering permitting its 15,000 brokers to advocate for customers to invest in Spot Bitcoin ETFs, according to two senior executives acquainted with the company’s plans. This move could mark a pivotal moment between traditional financial institutions and the cryptocurrency industry. 

Historically, the banking sector has repeatedly exhibited caution regarding crypto-related products. However, with Morgan Stanley, one of the biggest financial institutions potentially endorsing Spot Bitcoin ETFs, it may bring in a wealth of …