Morgan Stanley Opens Doors to Bitcoin ETFs for Wealthy Clients

Morgan Stanley has officially begun pitching shares of two exchange-traded bitcoin funds - with some 15,000 financial advisors given the green light to recommend BlackRock's IShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund to clients. That said, the firm will only allow clients with a net worth of at least $1.5 million, a high-risk profile, and an interest in speculative investments to take part in the ETFs, and will only be allowed in taxable brokerage accounts vs. retirement accounts, according to CNBC. Morgan Stanley made the move…