Financial advisors are still exploring the potential of crypto exchange-traded funds (ETFs) for client portfolios, according to recent comments from Morgan Stanley's head of digital asset strategy. While adoption is slowly increasing, it remains in its early stages.
The majority of current crypto ETF activity on the Morgan Stanley platform is driven by self-directed investors, with approximately 80% of demand coming from this group. This highlights the limited involvement of financial advisors in incorporating crypto exposure into client portfolios.