Morgan Stanley will allow all clients to invest in crypto funds starting Oct. 15. Previously restricted to high-net-worth investors, clients with IRAs and 401(k)s can now access these funds. This move could release millions of dollars for investment in cryptocurrencies, with US retirement assets totaling $45.8 trillion as of June 30.

To prevent excessive crypto exposure, Morgan Stanley will use automated systems. Advisers can currently only offer Bitcoin funds managed by BlackRock and Fidelity. The company is exploring other crypto products. This shift reflects a broader trend of digital assets becoming a standard part of diversified portfolios, according to SEI Labs co-founder Jeff Feng.

Morgan Stanley recommends a cautious approach to crypto, suggesting up to 4% exposure in high-risk portfolios. This policy change aligns with a larger trend among asset managers. Fidelity offers near-zero-fee crypto investments in retirement accounts, while JPMorgan allows clients to use crypto ETFs as collateral for loans. BlackRock is also expanding its crypto offerings.

Read more at Cointelegraph: Morgan Stanley Opens Crypto Funds to All Clients