摩根士丹利考慮在監管審查中放寬比特幣 ETF 准入

金融巨頭摩根士丹利於今年稍早最初授權客戶發起的 BTC ETF 購買。該機構目前正在考慮允許經紀商積極推廣 BTC ETF，這可能會增加需求，但也使該公司面臨法律風險。該銀行正在製定指導方針，以確保負責任的招攬行為，包括風險承受能力評估和頻率限制。

Morgan Stanley Mulls Expanding Access to Bitcoin ETFs Amid Legal Scrutiny

摩根士丹利在法律審查中考慮擴大比特幣 ETF 的使用範圍

In a significant development in the burgeoning cryptocurrency market, banking behemoth Morgan Stanley is exploring a potential shift in its policy, which could grant its brokers the green light to actively promote Bitcoin ETFs to customers. This move, if implemented, would mark a departure from the current practice where customers must take the initiative to engage with advisors to invest in this asset class.

在蓬勃發展的加密貨幣市場的重大發展中，銀行業巨頭摩根士丹利正在探索其政策的潛在轉變，這可能會為其經紀商積極向客戶推銷比特幣 ETF 開綠燈。這項措施如果實施，將標誌著客戶必須主動與顧問接觸才能投資該資產類別的當前做法的背離。

The potential expansion of Bitcoin ETF access comes on the heels of Morgan Stanley's initial approval for customer-initiated purchases earlier this year. However, the institution is cognizant of the heightened legal ramifications associated with such a move and is meticulously crafting guidelines to mitigate potential risks.

繼摩根士丹利今年稍早初步批准客戶發起的購買之後，比特幣 ETF 的准入範圍可能會擴大。然而，該機構認識到此舉會產生更大的法律後果，並正在精心製定指導方針以減輕潛在風險。

According to an unnamed Morgan Stanley executive, the bank is committed to a measured and controlled approach. "We're going to make sure that we're very careful about it," the executive said. "We are going to make sure everybody has access to it. We just want to do it in a controlled way."

據摩根士丹利一位不願透露姓名的高層表示，該銀行致力於採取謹慎和受控的方法。這位高層表示：“我們將確保對此非常謹慎。” “我們將確保每個人都可以訪問它。我們只是想以受控的方式做到這一點。”

The institution is devising a comprehensive framework of "guardrails" for solicited purchases, which may include risk tolerance assessments, allocation limits, and trading frequency restrictions. These measures are intended to ensure that customers engage with Bitcoin ETFs in a responsible and informed manner.

該機構正在為招攬購買制定一個全面的「護欄」框架，其中可能包括風險承受能力評估、分配限制和交易頻率限制。這些措施旨在確保客戶以負責任和知情的方式參與比特幣 ETF。

The timing of the policy review is uncertain, and the executives declined to provide a specific timeline. Nonetheless, the potential implications of Morgan Stanley's decision are substantial for the cryptocurrency market.

政策審查的時間尚不確定，高階主管拒絕提供具體時間表。儘管如此，摩根士丹利的決定對加密貨幣市場的潛在影響是巨大的。

Should the bank grant its brokers the authority to actively promote Bitcoin ETFs, it would likely amplify demand for these investment vehicles. The increased exposure to Bitcoin through ETFs could potentially bolster the cryptocurrency's mainstream adoption and enhance its perceived legitimacy.

如果銀行授予其經紀人積極推廣比特幣 ETF 的權力，可能會擴大對這些投資工具的需求。透過 ETF 增加對比特幣的投資可能會促進加密貨幣的主流採用並增強其合法性。

Yet, caution is warranted. The regulatory landscape surrounding cryptocurrency remains fluid, and legal challenges to Bitcoin ETFs could arise. Morgan Stanley is navigating a complex and rapidly evolving legal environment, and the outcome of its policy review will be closely watched by the industry.

然而，謹慎是有道理的。圍繞加密貨幣的監管環境仍然不穩定，比特幣 ETF 可能面臨法律挑戰。摩根士丹利正在應對複雜且快速變化的法律環境，其政策審查的結果將受到業界的密切關注。

As the bank continues to deliberate, the cryptocurrency community eagerly awaits the potential expansion of Bitcoin ETF access at Morgan Stanley. The institution's decision will undoubtedly shape the future of cryptocurrency investment and pave the way for broader institutional acceptance of digital assets.

隨著該銀行繼續深思熟慮，加密貨幣社群熱切等待摩根士丹利可能擴大比特幣 ETF 准入範圍。該機構的決定無疑將塑造加密貨幣投資的未來，並為更廣泛的機構接受數位資產鋪平道路。