Morgan Stanley is actually moving into Bitcoin ETF territory now? They're tapping a major crypto custody platform and BNY Mellon to handle the proposed fund. That's pretty interesting from a traditional finance angle. The fact that even the big banking names in New York are getting serious about Bitcoin infrastructure tells you something about where things are heading. Not sure if this opens the floodgates for more institutional products, but it's definitely a signal that the old guard is taking this more seriously than before.

BTC-1.72%
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