Gate News Report, March 19 — Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, a major U.S. investment bank, stated at the DC Blockchain Summit that the adoption of professionalized crypto funds is still in its early stages. Data shows that 80% of distribution on the platform comes from retail investors trading independently, rather than accounts managed by financial advisors. Oldenburg said Morgan Stanley has been offering Bitcoin ETFs in brokerage accounts since August 2024 and is currently considering adding products like Ethereum or Solana to the platform. She described this process as “a very managed and gradual journey,” noting that much education is still needed to help financial advisors understand the role of digital assets within traditional asset allocation models. Previously, Morgan Stanley’s Global Investment Committee recommended that crypto assets could make up as much as 4% of certain investment portfolios. Institutions like Bank of America, BlackRock, and Fidelity also support allocating 1% to 4% of diversified accounts to crypto assets.
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