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So I saw that Morgan Stanley is launching its own Bitcoin ETF with the symbol MSBT. It's crazy how traditional institutions are gradually entering the game now. They are starting with 1 million dollars, which honestly isn't huge compared to what we see elsewhere, but it's the symbol that counts, you know? A bank of this size creating its own Bitcoin product is still a strong signal for the market.
This ticker MSBT will probably become a new symbol to watch for institutional traders. I wonder if this is just the beginning and if they will increase the capital over time. The significance of this move is really that big banks can no longer ignore Bitcoin. Not bad as an evolution over the past few years.