Morgan Stanley Goes From Crypto Curious to Crypto Committed as Wall Street ‘Opens the Pipes’
Morgan Stanley is accelerating its crypto commitment by appointing a Head of Digital Asset Strategy and enabling client access to Bitcoin ETFs.Summary
Morgan Stanley, managing $9.3 trillion in assets, is shifting its approach to digital assets from research to full-scale execution, evidenced by appointing Amy Oldenburg as Head of Digital Asset Strategy. This move coincides with the Grayscale Bitcoin Mini Trust ETF becoming available on the firm's platform, unlocking regulated Bitcoin exposure for over $7.4 trillion in advisor-managed assets. The firm's evolution includes allowing advisors to recommend spot Bitcoin ETFs in 2024, expanding access to all wealth management clients by 2025, and planning direct crypto trading via E*TRADE. Furthermore, Morgan Stanley has filed for its own spot Bitcoin, Solana, and Ethereum ETFs, positioning itself against major issuers. This institutional commitment reflects broader Wall Street momentum, with 60% of top US banks now offering Bitcoin services, signaling that digital assets are becoming a permanent fixture in institutional portfolios.
(Source：BeInCrypto)