Overview

• Allocation limits vary by portfolio type: 0% for wealth preservation and income, up to 2% for balanced growth, and up to 4% for opportunistic growth.
• The guidance is advisory and will not add explicit crypto lines to model portfolios, instead supporting advisors who choose to allocate.
• The committee characterizes crypto as an emerging, speculative asset class and warns that volatility and correlations can rise during market stress.
• The recommendations reach roughly 16,000 advisors overseeing about $2 trillion, and Morgan Stanley plans to enable E-Trade crypto trading with Zerohash in early 2026.
• Bitcoin touched a new all-time high around $125,000, and outside analysts estimate the guidance could translate into tens of billions of potential inflows, though those projections are not guaranteed.