Morgan Stanley Expands Crypto Access to All Clients Starting October 15

London, UK – Morgan Stanley announced on Friday that it will expand access to cryptocurrency investments for all clients, effective October 15. Financial advisors will be able to pitch crypto funds to any client, including those using retirement accounts. This marks a significant shift from the prior limitation to only high-net-worth individuals.

The decision aligns with Morgan Stanley’s ongoing strategy to adapt to changing regulations. Following the U.S. election, the firm increased its focus on the cryptocurrency space, recently allowing trading of bitcoin, ether, and solana through its E*Trade subsidiary.

Lisa Shalett, chief investment officer for wealth management at Morgan Stanley, stated in a report: “Cryptocurrency is becoming a speculative and increasingly popular asset class that many investors will seek to explore.”

The bank’s global investment committee recommended a maximum initial allocation of 4% in crypto, depending on clients’ investment goals. Advisors will use an automated monitoring system to ensure clients do not overexpose themselves to this volatile asset class.

<pCurrently, advisors can only offer bitcoin funds from specific providers, but Morgan Stanley is exploring options to expand its offerings as the crypto market evolves. Clients will also have the option to invest in any listed crypto exchange-traded products.

<pMorgan Stanley’s move comes amid increased interest in cryptocurrencies, particularly after the 2024 approval of Bitcoin ETFs managed by major financial firms like BlackRock and Fidelity. The changing regulatory landscape under the current U.S. administration has encouraged more firms to engage with the crypto market.

<pOverall, Morgan Stanley's expansion into cryptocurrency signals a growing acceptance of digital assets in mainstream finance.