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Wirehouse rules still limit advisors buying Bitcoin ETFs

A Bloomberg analyst argues that restrictions at firms like Morgan Stanley and JPMorgan keep a large pool of advisor-linked capital largely on the sidelines.

Reported · Written up by our desk · Market Structure

Bitcoin ETF adoption may still be constrained by rules governing how advisors can access the product, according to commentary discussed by Bloomberg analyst James Seyffart, as summarized by Bitcoin Magazine.

Seyffart points to wirehouse restrictions at major firms such as Morgan Stanley and JPMorgan that limit how financial advisors can buy Bitcoin ETFs for clients, even as demand from other channels continues to develop.

The discussion also frames investor behavior around adviser allocation choices, including why many advisors held back during the prior bear market and how changing target allocations could affect future ETF demand, according to Bitcoin Magazine.

The segment further notes that the scale of advisor wealth that could be directed toward Bitcoin ETFs remains sizable, referencing an estimated $30 to $40 trillion, though the wirehouse constraints are presented as a key reason much of that wealth has stayed outside the Bitcoin ETF market, the outlet said.

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