Big U.S. Banks Accelerate Crypto Adoption as Institutional Interest Grows
Big U.S. Banks Accelerate Crypto Adoption as Institutional Interest Grows
Big banking momentum is building as major U.S. banks expand quarterly crypto services and advisory coverage. is now advising wealth management clients to allocate up to 4% of their portfolios to digital assets and has initiated coverage on multiple ETFs. followed by filing for both and ETFs, signaling deeper institutional engagement. At the same time, , , and are scaling up crypto trading and custody offerings, while has resumed custody for institutional asset managers, citing improved regulatory clarity. On the corporate side, crypto exposure is also rising, with mining and infrastructure names like seeing positive market reaction. This shift suggests crypto is moving from an experimental allocation to a structured asset class within traditional finance, but is this the early stage of mass institutional adoption, or just cautious positioning?
i'm really curious if morgan stanley recommending a 4% allocation will become the new standard for other big wealth managers.
