[Morgan Stanley: Crypto ETFs Are Still in Early Stages, Financial Advisors Continue to Evaluate Allocations] Odaily Planet Daily News – Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated at the DC Blockchain Summit that the market adoption of crypto ETFs is still in a very early stage. Currently, financial advisors are still assessing how to allocate digital assets within traditional investment portfolios. Oldenburg pointed out that the primary demand at present comes from self-directed investors rather than accounts managed by financial advisors. She noted that approximately 80% of crypto ETF trades on the Morgan Stanley platform originate from self-directed investment accounts. Starting in 2024, Morgan Stanley will allow clients to purchase Bitcoin ETFs through brokerage accounts and gradually expand the accessibility of its products. Oldenburg emphasized that this process has been carried out in a "gradual and prudently managed" manner, as the wealth management industry still requires time to understand this new asset class and explore its role within asset allocation models. With increasing institutional participation, some major financial institutions have begun setting preliminary allocation ranges for crypto assets within portfolios, typically between 1% and 4%.