I just saw a message that really energized me.
Morgan Stanley is going to issue a Bitcoin ETF with a fee of only 0.14%.
What does this mean? It’s 1 basis point lower than the current market's lowest Grayscale and 11 basis points lower than BlackRock's IBIT. It directly makes it the cheapest in the entire market.
Bloomberg analyst James Seyffart said directly after watching, "Big move. They are not playing around."
But this is not the most explosive yet.
What really makes me feel like change is coming is another statement — Bloomberg analyst Eric Balchunas said:
"They are the ultimate gatekeepers of baby boomer wealth."
Morgan Stanley has 16,000 financial advisors managing a total of $6.2 trillion in client assets. With low fees, these advisors have no concerns about 'conflicts of interest' when recommending MSBT to clients.
Consider this logic: it's not retail investors buying, it's the pinnacle of Wall Street pushing it.
The lowest fees do not mean the largest scale, but distribution is the amplifier. Morgan Stanley is the first spot Bitcoin ETF directly issued by a large U.S. bank, which is not on the same level of trust endorsement as asset management companies like BlackRock and Fidelity.
The earliest release is expected in early April.
In this wave, it's not the retail investors rushing in, but the giant whales from Wall Street entering the market.
What do you think Bitcoin will do? See you in the comments.