Morgan Stanley has taken a major step into crypto by filing with the SEC for a Bitcoin ETF (and Solana ETF). The fund will hold BTC in cold storage (offline wallets) for security, with Coinbase Custody and Bank of New York Mellon as custodians. Pricing will be based on major spot exchanges. This marks one of the first big legacy banks to publicly move on a spot Bitcoin ETF, signalling growing mainstream adoption.
Morgan Stanley's entry could bring massive institutional inflows to BTC — bullish long-term for Bitcoin as Wall Street giants get involved.
What do you think? Will this push BTC higher? Drop your thoughts below!
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