This marks the first loss for Bitcoin funds in five weeks.

Morgan Stanley is the first wirehouse to let advisors actively solicit investments in spot bitcoin ETFs to certain clients, approving products from BlackRock and Fidelity.

Interval funds are being pitched to registered investment advisors as an easy-to-sell entry into direct lending.

The finding is part of a broader Cerulli report examining the opportunities and challenges surrounding the use of alternative investments in the retail channel.

There are a slew of technical and regulatory hurdles to overcome before the likes of BlackRock, Invesco and others can squeeze the likes of real estate and pre-public companies into ETFs.

The firm's K-Series now takes in $900 million monthly, while its collaboration with Capital Group is on track to roll out its first funds next year.

Nouriel Roubini, who runs Roubini Macro Associates, is the latest in a long list of prominent economists and investors to attach their names to ETFs.