Morgan Stanley is taking a major step into crypto investing. Starting October 15, the Wall Street giant will allow its financial advisers to offer BlackRock and Fidelity’s spot Bitcoin ETFs to all clients, according to CNBC.
Until now, access to these funds was limited to Morgan Stanley’s wealthiest clients, those holding at least $1.5 million in assets and only through taxable brokerage accounts. The new policy removes those restrictions, making the Bitcoin ETFs available to any client and any account, including retirement portfolios.
The shift follows the bank’s global investment committee recently recommending that investors consider up to 4% exposure to crypto, a notable endorsement from one of the most traditional names on Wall Street.
While the move greatly expands access, Morgan Stanley says it will maintain safeguards. The firm will use internal monitoring systems to ensure that clients don’t exceed recommended crypto exposure levels, automatically flagging portfolios that become too concentrated in digital assets.
This marks one of the most significant endorsements of Bitcoin from a major U.S. bank, signaling growing confidence in regulated crypto investment vehicles and potentially opening the floodgates for broader institutional adoption.
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