X @Wu Blockchain

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. If allocated at the recommended moderate ratio of 2%, it would bring $160 billion in capital inflows to the market, which is 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 f ...