Morgan Stanley's Head of Digital Assets Strategy, Amy Oldenburg, emphasized that the adoption of crypto ETFs is still in its nascent phase. Speaking at the DC Blockchain Summit, Oldenburg noted that financial advisors are cautiously evaluating the integration of digital assets into traditional portfolios. Currently, about 80% of crypto ETF trades on Morgan Stanley's platform are driven by self-directed investors, rather than those managed by financial advisors. Morgan Stanley has been offering Bitcoin ETFs to clients since 2024, expanding access gradually. Oldenburg highlighted the cautious approach taken by the wealth management industry as it seeks to understand the role of crypto assets in asset allocation. As institutional interest grows, some financial institutions are beginning to set initial crypto asset allocation ranges between 1% and 4% in their portfolios.