PANews reported on October 6 that according to a post by Bitwise CEO Hunter Horsley, Morgan Stanley's Global Investment Committee (GIC) released a new special report, stating that "we aim to support our financial advisors and clients so that they can flexibly allocate cryptocurrencies as part of a multi-asset portfolio."

GIC reportedly guides 16,000 advisors to manage $2 trillion in savings and wealth for clients. Hunter Horsley commented that this marks the entry of cryptocurrencies into the mainstream era.