Morgan Stanley Expands Crypto Fund Access for All Clients

Morgan Stanley is expanding access to cryptocurrency funds, including major crypto ETFs, for all wealth management clients. This takes effect on October 15, 2025, lifting previous limitations reserved for ultra-high-net-worth individuals only.

This move involves Morgan Stanley’s Global Investment Committee, recommending a new maximum portfolio allocation of up to 4% in crypto assets. Lisa Shalett, Chief Investment Officer, states crypto is now part of the firm’s diversified portfolio guidance.

Crypto Investment Demand Drives Strategic Change

The decision is expected to lead to increased client engagement with crypto investment, driven by growing demand and competitive pressure. Hunter Horsley has hailed the move as a “milestone” in crypto’s mainstream adoption.

This expansion is anticipated to boost financial flows into Bitcoin, Ethereum, and Solana, following historical trends of increased liquidity and asset management growth. Regulatory bodies remain silent, with no new guidance issued regarding Morgan Stanley’s latest offering.

Morgan Stanley Follows BlackRock and Fidelity’s Crypto Lead

Past expansions by wealth managers have resulted in rapid asset growth, most notably seen with BlackRock and Fidelity‘s Bitcoin ETF launches. These events often trigger short-term price rallies in major cryptocurrencies like BTC and ETH.

Leading analysts indicate this latest move aligns with wider regulatory trends favoring crypto inclusion under current governance. Industry expert Hunter Horsley views the shift as indicative of crypto’s broader acceptance among institutional investors.

**Lisa Shalett, Chief Investment Officer, Morgan Stanley** — “Crypto should be viewed as a speculative and increasingly popular asset class, and now forms part of the firm’s diversified portfolio guidance” source.