Morgan Stanley launches first major Wall Street spot Bitcoin ETF
Morgan Stanley launched its spot Bitcoin ETF, MSBT, becoming the first major Wall Street bank to offer such a product with a 0.14% fee aimed at attracting institutional investors. Despite the milestone, market sentiment reflected skepticism as prediction contracts for Bitcoin reaching $80,000 by April dropped from 26% to 17% following the announcement. Broader challenges, including regulatory and geopolitical uncertainties, appear to be tempering expectations about near-term price surges, even with increased institutional involvement.
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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. Market reaction 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. Why it matters 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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