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One platform for global traditional assets
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💰 Strategy CEO Phong Le stated that Morgan Stanley's proposed spot #Bitcoin #ETF (MSBT) represents a "massive #Bitcoin bet."
He pointed out that Morgan Stanley manages $8 trillion in wealth, and if allocated at the recommended moderate ratio of 2%, it would bring $160 billion in capital inflows to the market, approximately three times the size of BlackRock's IBIT. Morgan Stanley’s #application for its own #ETF marks its #transition from a mere "distribution channel" to a "product issuer." If approved, it will further deepen the capital-siphoning effect of traditional investment banks on #crypto assets. #etf
#cryptocrash
$BTC