Morgan Stanley’s decision to launch its own Bitcoin ETF is a major bullish signal for the crypto market, highlighting untapped investor demand and shifting institutional dynamics, according to Bitwise advisor Jeff Park.
Summary
- Speaking Wednesday, Jeff Park outlined three key reasons why the move reinforces his bullish outlook.
- The market is far larger than anticipated: even two years after the first ETF launch, Morgan Stanley sees enough demand through its proprietary wealth channels to justify a branded product.
- “It means we are still so early,” Park said.
The investment bank filed with the U.S. Securities and Exchange Commission to seek approval to launch…
