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Morgan Stanley Executive On Bitcoin: 'We Are Still So Early On This Journey'
Amy Oldenburg, head of digital assets at Morgan Stanley, says client education — not product design — is the central challenge facing bitcoin adoption at the firm and across the industry.
Morgan Stanley launched its bitcoin exchange-traded product, the Morgan Stanley Bitcoin Trust (MSBT), into a market it believes is still in its infancy.
At a panel on Wednesday moderated by Tyler Evans, Amy Oldenburg, the bank’s head of digital assets, spent the better part of an hour making a case for bitcoin that few clients have heard in full, and said that gap is the industry’s most urgent problem.
Morgan Stanley launches first major Wall Street spot Bitcoin ETF
This article examines how recent events may relate to prediction market pricing. It reflects interpretive analysis of publicly available information and is provided for informational purposes only.
Morgan Stanley launched its spot Bitcoin ETF (MSBT), making it the first major Wall Street bank to do so. Bitcoin reaching $80,000 in April sits at 17% YES, down from 26% yesterday.
MSBT carries a 0.14% fee, designed to pull in institutional capital. The 9-point drop to 17% suggests traders don’t see the ETF alone as enough to push Bitcoin to $80,000 this month. Bitcoin reaching $150,000 in April remains at 0% YES.
For year-end predictions, the December 31 market sits at 5% YES. That market trades only about $280 in USDC daily, so the liquidity is thin enough that small orders can move the price significantly. The 5% figure reflects a long timeline for institutional adoption to affect Bitcoin’s price, but the low volume makes it an unreliable signal.
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Morgan Stanley’s Bitcoin ETF gains traction as BlackRock’s IBIT loses $167 million in weekly flows
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Morgan Stanley Bitcoin Trust (MSBT) has outshined BlackRock’s iShares Bitcoin Trust (IBIT) since the beginning of this week until April 30.
Morgan Stanley’s MSBT has attracted a total of $10.81 million during this period, according to data from SoSoValue. On Monday and Tuesday, MSBT posted zero total cash flow, thus holding Bitcoin (BTC) worth approximately $197.7 million at press time.
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