Wall Street Accelerates Its Push Into Regulated Crypto
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Morgan Stanley’s move adds to a broader institutional shift toward regulated crypto products. In October, the firm reportedly allowed its advisers to recommend crypto funds to clients with IRAs and 401(k)s, easing earlier restrictions that limited access to ultra-high-net-worth investors.
Other financial giants are making similar moves. Bank of America recently enabled advisers to recommend select Bitcoin ETFs, while Vanguard opened crypto ETF trading to its clients in late 2025. Earlier, BlackRock became the first major institution to recommend a modest Bitcoin allocation.
Together, these developments suggest that crypto ETFs are rapidly moving from niche products to a mainstream component of traditional wealth management portfolios.