Morgan Stanley has started adding Bitcoin ETF language to SEC filings for its in-house investment arm. From today's filing for the Morgan Stanley Europe Opportunity Fund:
"The Fund may obtain investment exposure to bitcoin indirectly through investing in Bitcoin ETFs."
Reminder
A new filing by BlackRock late this afternoon. As I've been saying, you're going to see a lot of this in coming months from Wall Street firms for their in-house investment funds. As filed today by the BlackRock Global Allocation Fund:
"The Fund may acquire shares in
Something else I wouldn't predicted is $IBIT and $FBTC #3 and #4 in YTD flows among all ETFs in mid-March.. up there with perennial studs $VOO $IVV and $VTI.
Last week the market provided the opportunity to buy #bitcoin at a price below 40% of net new ETF purchases, meanwhile there wasn’t a single dollar of outflows from the large new ETFs. That’s all the signal you need.
just realized this was the biggest alts liquidation ever in the history of binance and bybit
partially cus FTX market share got captured by them, and the rest is because we (we're very retarded btw) longed illiquid trash on leverage
Blockchains are unironically the future of finance.
Regulatory capture has prevented adoption of new technology which threatens incumbents, but the new admin will force change.
See Larry Fink shilling tokenization and Elon “evaluating” blockchains for DOGE.