摩根士丹利考虑在监管审查中放宽比特币 ETF 准入

金融巨头摩根士丹利于今年早些时候最初授权客户发起的 BTC ETF 购买。该机构目前正在考虑允许经纪商积极推广 BTC ETF，这可能会增加需求，但也使该公司面临法律风险。该银行正在制定指导方针，以确保负责任的招揽行为，包括风险承受能力评估和频率限制。

Morgan Stanley Mulls Expanding Access to Bitcoin ETFs Amid Legal Scrutiny

摩根士丹利在法律审查中考虑扩大比特币 ETF 的使用范围

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.

在蓬勃发展的加密货币市场的重大发展中，银行业巨头摩根士丹利正在探索其政策的潜在转变，这可能会为其经纪商积极向客户推销比特币 ETF 开绿灯。这一举措如果实施，将标志着客户必须主动与顾问接触才能投资该资产类别的当前做法的背离。

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.

继摩根士丹利今年早些时候初步批准客户发起的购买之后，比特币 ETF 的准入范围可能会扩大。然而，该机构认识到此举会产生更大的法律后果，并正在精心制定指导方针以减轻潜在风险。

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."

据摩根士丹利一位不愿透露姓名的高管表示，该银行致力于采取谨慎和受控的方法。这位高管表示：“我们将确保对此非常谨慎。” “我们将确保每个人都可以访问它。我们只是想以受控的方式做到这一点。”

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.

该机构正在为招揽购买制定一个全面的“护栏”框架，其中可能包括风险承受能力评估、分配限制和交易频率限制。这些措施旨在确保客户以负责任和知情的方式参与比特币 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.

政策审查的时间尚不确定，高管们拒绝提供具体时间表。尽管如此，摩根士丹利的决定对加密货币市场的潜在影响是巨大的。

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.

如果银行授予其经纪人积极推广比特币 ETF 的权力，可能会扩大对这些投资工具的需求。通过 ETF 增加对比特币的投资可能会促进加密货币的主流采用并增强其合法性。

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，谨慎是有道理的。围绕加密货币的监管环境仍然不稳定，比特币 ETF 可能会面临法律挑战。摩根士丹利正在应对复杂且快速变化的法律环境，其政策审查的结果将受到业界的密切关注。

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.

随着该银行继续深思熟虑，加密货币社区热切等待摩根士丹利可能扩大比特币 ETF 准入范围。该机构的决定无疑将塑造加密货币投资的未来，并为更广泛的机构接受数字资产铺平道路。