Morgan Stanley said adoption of crypto funds by financial advisors remains at an early stage, with about 80% of platform distribution coming from self-directed retail trading rather than advisor-led activity. The bank has offered spot Bitcoin ETF access in brokerage accounts since August 2024 and is considering Ethereum or Solana products. Its global investment committee has also previously suggested crypto allocations of up to 4% in some portfolios, showing that while access is widening, advisor adoption is still developing.