{"id":51557,"date":"2021-10-21T12:53:08","date_gmt":"2021-10-21T09:53:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51557"},"modified":"2025-09-03T00:20:19","modified_gmt":"2025-09-02T21:20:19","slug":"morgan-stanley-reportedly-advised-advisors-to-refrain-from-buying-bitcoin-futures-etf-for-clients","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/morgan-stanley-reportedly-advised-advisors-to-refrain-from-buying-bitcoin-futures-etf-for-clients\/","title":{"rendered":"Morgan Stanley reportedly advised advisors to refrain from buying Bitcoin futures ETF for clients"},"content":{"rendered":"<p>One of the leading US investment banks, Morgan Stanley, has prohibited staff in the wealth-management division from offering clients the ProShares <a href=\"https:\/\/forklog.com\/en\/news\/trading-starts-for-proshares-first-us-bitcoin-futures-etf\">futures-based Bitcoin ETF<\/a>. This is reported by <a href=\\\"https:\/\/www.businessinsider.com\/morgan-stanley-advisors-not-offering-bitcoin-futures-etf-bito-compliance-2021-10\\\">Business Insider<\/a>, citing sources.<\/p>\n<p>\\n\\n<\/p>\n<p>The institution is evaluating the prospectus and conducting a comprehensive legal review of the fund.<\/p>\n<p>\\n\\n<\/p>\n<p>Representatives of the bank declined to comment to the publication.<\/p>\n<p>\\n\\n<\/p>\n<p>In an interview, Mark Hefele, head of investments at UBS Global Wealth Management, noted that he advises clients to consider alternative investments. He said the organisation is considering crypto products only for speculative investors with a high risk tolerance.<\/p>\n<p>\\n\\n<\/p>\n<p>The ProShares Bitcoin futures ETF posted <a href=\"https:\/\/forklog.com\/en\/news\/proshares-bitcoin-futures-etf-posts-the-second-most-active-debut\">the second-most actively traded debut<\/a>. According to the sponsor, investments in the product over the first two days reached $1.1 billion.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier in March, CNBC sources reported that Morgan Stanley planned to offer accredited investors with at least $2 million in capital access to bitcoin funds.<\/p>\n<p>\\n\\n<\/p>\n<p>Investments in the instruments were capped at 2.5% of the bank&#8217;s own capital.<\/p>\n<p>\\n\\n<\/p>\n<p>In April, in its filing with the <span data-descr=\\\"Securities and Exchange Commission (SEC)\\\" class=\\\"old_tooltip\\\">SEC<\/span>, <a href=\"https:\/\/forklog.com\/en\/news\/morgan-stanley-did-not-rule-out-adding-bitcoin-futures-to-its-own-funds\">did not exclude<\/a> adding derivatives on the first cryptocurrency to 12 of its own funds.<\/p>\n<p>\\n\\n<\/p>\n<p>In June, New York Digital Investment Group and FS Investments <a href=\"https:\/\/forklog.com\/en\/news\/morgan-stanley-clients-to-invest-in-nydig-bitcoin-fund\">filed with the SEC an application to register a bitcoin fund<\/a> intended for Morgan Stanley clients.<\/p>\n<p>\\n\\n<\/p>\n<p>In September, Morgan Stanley <a href=\"https:\/\/forklog.com\/en\/news\/morgan-stanley-to-establish-cryptocurrency-research-unit\">began assembling a team<\/a> that would focus on studying the impact of cryptocurrencies on equities and fixed-income instruments.<\/p>\n<p>\\n\\n<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the leading US investment banks, Morgan Stanley, has barred wealth-management staff from offering the ProShares {{AOPEN_1}}futures-based Bitcoin ETF{{ACLOSE_1}}. Business Insider reports, citing sources.<\/p>\n","protected":false},"author":1,"featured_media":51558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,873,1211],"class_list":["post-51557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-morgan-stanley","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=51557"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51557\/revisions"}],"predecessor-version":[{"id":51559,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51557\/revisions\/51559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/51558"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}