Morgan Stanley, managing $9.3 trillion in client assets, is pushing its digital asset strategy beyond Bitcoin. Amy Oldenburg, head of digital-asset strategy, confirmed the firm is evaluating tokenized money-market funds as a future product. Additionally, the bank's subsidiary, Parametric, may explore tax-loss harvesting strategies for digital assets to help clients manage capital gains.
Morgan Stanley recently launched a spot Bitcoin ETF, making it the first major wirehouse to allow its 15,000-plus wealth advisors to offer third-party spot Bitcoin ETFs to eligible clients. The firm previously filed for Ethereum and Solana ETFs, indicating a wider interest in the cryptocurrency market. Oldenburg stated their crypto roadmap is "a longer-term journey" and "not going to stop at just Bitcoin."
The investment bank also previously confirmed plans for crypto trading via E*TRADE and is exploring Bitcoin-based yield and lending services. The new Bitcoin ETF, with a competitive 0.14% fee, is expected to drive further innovation in digital asset products.