CNBC: Morgan Stanley Grants All Clients Access to Crypto Amid Growing Wall Street Digital Shift

Morgan Stanley Opens Crypto Investments to All Clients Amid Wall Street Shift

Morgan Stanley is expanding access to cryptocurrency investments for all wealth management clients, marking a major step in mainstream adoption, CNBC reported Wednesday.

Starting next Wednesday, the bank’s financial advisors can offer crypto products across all account types, including retirement plans, without restrictions on risk tolerance or net worth. Previously, crypto 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 significant expansion for Morgan Stanley’s $8.2 trillion wealth and investment management business, highlighting growing recognition of crypto as a long-term asset class for mainstream investors.

It also reflects increasing pressure on legacy financial firms as crypto investment vehicles gain traction. BlackRock’s iShares Bitcoin Trust (IBIT), for example, has become the firm’s most profitable ETF, managing nearly $100 billion less than two years after its launch. Even historically cautious firms like Vanguard are reportedly exploring spot crypto ETFs—a striking reversal from just a year ago.

Morgan Stanley did not respond to a request for comment when contacted by CoinDesk.