CoinWorld reports that Morgan Stanley's Bitcoin exchange-traded product (ETP) attracted over $100 million in inflows within six days. The product, MSBT, had already generated demand before being offered to the company's financial advisors, indicating that early activity was primarily driven by self-directed investors. Initial capital inflows suggest that investors are independently allocating Bitcoin exposure without waiting for advisor guidance. Morgan Stanley recommends allocating 2% to 4% of qualified portfolios to Bitcoin. However, advisor adoption remains limited and unable to meet client demand. Morgan Stanley expects Bitcoin to eventually be included on bank balance sheets, despite ongoing regulatory restrictions. The firm is pursuing a digital trust charter from the Office of the Comptroller of the Currency (OCC) to enable crypto custody and spot trading.

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