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Morgan Stanley: Adoption of Crypto ETFs Still in Early Stage, 80% Demand Comes from Retail Investors
Summary: According to The Block, Morgan Stanley's digital asset strategist Amy Oldenburg stated at a blockchain summit in Washington that the adoption of crypto ETFs is still in a very early stage, with about 80% of demand on the platform coming from retail investors rather than managed accounts. Oldenburg described Morgan Stanley's progress in crypto products ...
According to The Block, Morgan Stanley's digital asset strategist Amy Oldenburg stated at a blockchain summit in Washington that the adoption of crypto ETFs is still in a very early stage, with about 80% of demand on the platform coming from retail investors rather than managed accounts. Oldenburg described Morgan Stanley's progress in crypto products as a 'methodical step-by-step journey,' emphasizing the need for wealth management teams to do a lot of work in education and portfolio construction to help financial advisors incorporate digital assets into asset allocation models. Morgan Stanley has opened broker account purchasing rights for Bitcoin ETF in 2024 and applied for listing Bitcoin and Solana spot ETF in January this year. At the institutional allocation level, Morgan Stanley's Global Investment Committee recommends that crypto assets should not exceed 4% in model portfolios, with Bank of America also supporting a 1% to 4% allocation range, and BlackRock and Fidelity providing similar guidance. Bitwise's Chief Investment Officer Matt Hougan pointed out that some professional investors are currently considering increasing their allocation to around 5%.
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Link: Morgan Stanley: Adoption of Crypto ETFs Still in Early Stage, 80% Demand Comes from Retail Investors [Copy]
