Morgan Stanley fully opens up Crypto Assets investment; retirement accounts can allocate to Bitcoin funds.

[Chain News] PANews reported on October 10 that Morgan Stanley informed its financial advisors on Friday that the company is expanding Crypto Assets investment channels for all clients and allowing such investments in any type of account (including retirement accounts). Starting from October 15, financial advisors will be able to recommend Crypto Assets funds to any client. Previously, this option was limited to clients with a higher risk tolerance, assets of at least $1.5 million, and those looking to invest in Crypto Assets in taxable brokerage accounts.

Sources revealed that as Morgan Stanley removes qualification requirements for Crypto Assets funds, the company will rely on automated monitoring processes to ensure that clients do not overly concentrate their investments in this volatile asset class. The bank's Global Investment Committee recently released a model suggesting that the initial allocation of Crypto Assets should be capped at 4%, based on different objectives ranging from "wealth preservation" to "opportunistic growth."

Insiders reveal that currently, financial advisors are still limited to recommending Bitcoin funds from BlackRock and Fidelity, but Morgan Stanley is keeping an eye on industry trends and considering adding other Crypto Assets to these products. They added that clients can also request to invest in any listed Crypto Assets exchange-traded products.