Morgan Stanley is lifting barriers—crypto funds will be available to all wealth clients beginning October 15, 2025.
In a move that underscores the growing acceptance of digital assets in traditional finance, Morgan Stanley announced it will drop its restrictions on which wealth clients can invest in cryptocurrency funds. Beginning October 15, 2025, financial advisors at the firm will be permitted to recommend crypto fund products to all clients—including those with retirement and trust accounts—whereas previously such access was reserved only for clients with high-net-worth profiles and “aggressive” risk tolerance.
Previously, Morgan Stanley restricted crypto fund offerings to clients with at least $1.5 million in assets, and only in taxable brokerage accounts. Under the new policy, those asset and account-type restrictions are being lifted. The initial rollout will allow advisors to offer Bitcoin and Ethereum funds managed by major players like BlackRock and Fidelity, with plans to expand the suite of available crypto funds over time.
To manage risk, Morgan Stanley plans to implement automated monitoring systems that will enforce limits to prevent clients from being overexposed to volatile digital assets. Its internal guidance suggests starting allocations in the 2–4% range for clients with higher risk profiles, while more conservative portfolios may not include crypto exposure.
This change signals a major shift in institutional sentiment. Morgan Stanley’s decision reflects confidence in the maturity of crypto markets, increased regulatory clarity, and steady demand from clients eager to access the asset class through trusted platforms. With $8+ trillion in client assets under management, opening crypto to all clients could redirect significant capital flows into the digital asset space.
Of course, risks remain: volatility, regulatory uncertainty, and valuation swings can all test the resolve of investors. But for many, this move lowers the barrier for crypto investing within established financial relationships—bridging the gap between speculative digital assets and mainstream portfolio strategies.
Sources
- Investing.com – Morgan Stanley drops restrictions on which wealth clients can hold crypto funds
- Blockworks – Morgan Stanley opens crypto fund access to all clients
- Cointelegraph – Morgan Stanley opens crypto fund access to all wealth clients
