Morgan Stanley’s spot Bitcoin ETF has accumulated over $139 million in BTC within nine days of launch, indicating strong early institutional demand for the firm’s new crypto offering.
Bitcoin is struggling to break above $70K as profit-taking caps rallies, even as Wall Street firms grow more bullish on equities amid signs the recent correction may be ending.
Morgan Stanley officially launched the first U.S. bank-issued spot bitcoin ETF, undercutting rivals on fees and leveraging its massive advisor network to challenge BlackRock’s dominance.
The president and CEO of Strategy said Morgan Stanley’s upcoming bitcoin ETF could unlock as much as $160 billion in demand under a modest portfolio allocation scenario.
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