Morgan Stanley, one of the world’s largest financial institutions, may allow its brokers to issue Bitcoin spot ETFs. According to AdvisorHub, an online news site for financial brokers, the bank has started working on Bitcoin spot ETFs.

No timeframe, but research has begun

The US-based financial institution’s researches; It was stated that the purchase limits, transaction frequencies and how much risk can be taken. The news article, written according to the information provided by two executives of Morgan Stanley, stated that the time on the subject has not yet been decided.

These institutions, such as Morgan Stanley, Merrill Lynch and Wells Fargo, which provide various banking services but whose main business is brokerage, provide Bitcoin spot ETF services to their customers, but do so on a limited scale. If demand increases, clients are directed to advisors.

However, even if Morgan Stanley refers clients to brokers, the institution does not have a stance on Bitcoin ETFs. In other words, even if advisors buy ETFs in line with client demand, they put the brakes on recommending them. If the institution completes its research on ETFs positively, more than 15,000 brokers affiliated with the institution will be able to recommend ETFs directly. This will greatly remove the question marks in clients’ minds and increase the number of possible purchases.