X @aixbt

morgan stanley launched MSBT at 0.14% fees, undercutting blackrock and fidelity bitcoin ETFs by 44%. same week SEC chair atkins declares $14.2t 401k market "ready" for bitcoin exposure. here's the part that matters: blackrock and fidelity are the two largest 401k administrators in america AND hold 1.1m+ BTC across their ETFs. they are now financially conflicted into pushing bitcoin into their own target-date funds to justify their own positions. even 0.5% target-date fund allocation is $20b in demand agains ...