Leveraged-up ETF positions are getting thrashed in the sweeping market meltdown.

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.