{"id":135107,"date":"2024-08-08T08:00:41","date_gmt":"2024-08-08T05:00:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135107"},"modified":"2024-08-08T00:21:37","modified_gmt":"2024-08-07T21:21:37","slug":"another-top-u-s-bank-set-to-introduce-bitcoin-etfs-for-clients","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/another-top-u-s-bank-set-to-introduce-bitcoin-etfs-for-clients\/","title":{"rendered":"Another Top U.S. Bank Set to Introduce Bitcoin ETFs for Clients"},"content":{"rendered":"

Wells Fargo is planning<\/a> <\/strong>to allow its advisors to offer Bitcoin ETFs to selected clients, similar to Morgan Stanley\u2019s recent strategy<\/a><\/strong>.<\/p>\n

This initiative aligns with the rising demand for Bitcoin<\/a> <\/strong>investments among clients. Crypto insider Andrews AP Abacus previously hinted at Morgan Stanley\u2019s move and now suggests Wells Fargo will soon follow, potentially expanding their offerings to include other ETFs such as BlackRock\u2019s iShares Bitcoin Trust and Fidelity\u2019s Wise Origin Bitcoin Fund.<\/p>\n

John Reed Stark, a former SEC Enforcement Chief, criticized Morgan Stanley\u2019s decision, warning that financial planners could risk losing their credentials due to the high risks associated with cryptocurrency investments. Despite these concerns, the SEC-approved Bitcoin ETFs from BlackRock and Fidelity are seen as tools for diversifying investment portfolios, contributing to the broader acceptance of Bitcoin.<\/p>\n