Morgan Stanley Expands Crypto Access to All Wealth Management Clients
Morgan Stanley is opening cryptocurrency investments to all wealth management clients, signaling growing mainstream adoption, CNBC reported Wednesday.
Starting next Wednesday, financial advisors will be able to offer crypto across all account types, including retirement plans, without restrictions on risk tolerance or net worth. Previously, access was limited to clients with at least $1.5 million in assets, a high-risk appetite, and a taxable brokerage account.
The move is a major expansion for Morgan Stanley’s $8.2 trillion wealth and investment management business, reflecting increasing recognition of crypto as a long-term asset class.
It also highlights mounting pressure on legacy firms as crypto investment vehicles gain traction. BlackRock’s iShares Bitcoin Trust (IBIT) has become the firm’s most profitable ETF, managing nearly $100 billion in under two years, while Vanguard is reportedly exploring spot crypto ETFs—a notable reversal from its previous caution.
Morgan Stanley did not respond to requests for comment when contacted by CoinDesk.
