Morgan Stanley is deciding whether to offer spot bitcoin ETFs to customers of its large brokerage platform, according to two people with knowledge of the matter. The U.S. Securities and Exchange Commission greenlighted 11 spot bitcoin ETFs on Jan. 10. Since then, billions of dollars have poured into these products, known to closely track bitcoin’s price and allowing investors to take exposure to the cryptocurrency without owning it. Liquidity floodgates, however, would open once big registered investment adviser (RIA) networks and broker-dealer platforms like Merrill Lynch, Morgan Stanley, Wells Fargo and others offer ETFs. Morgan Stanley, a leader in the alternative investments and private market space, has over $150 billion in assets under management and was the first major U.S. bank to offer its wealthy clients access to bitcoin funds in 2021.