Jed Finn, Morgan Stanley’s head of wealth management, told Bloomberg that the initiative is the first phase of a broader crypto strategy that will eventually include a full wallet solution. The move underscores Wall Street’s growing embrace of crypto since a regulatory shift under President Donald Trump earlier this year. Morgan Stanley is also preparing an asset-allocation framework for clients that will include crypto exposure ranging from zero to a few percentage points, depending on investor goals. E*Trade is is an online brokerage and banking platform owned by Morgan Stanley. Read more: Morgan Stanley Eyes Launching Crypto Trading Through E*Trade: Bloomberg