I noticed an interesting point: Morgan Stanley’s Bitcoin-ETF collected $34 million literally on its very first day of trading. This shows that demand for institutional tools to deal with Bitcoin is still strong. Previously, such amounts seemed enormous, but now it more likely indicates that the market has already gotten used to such products. Millions after millions keep flowing into these funds, and major players are clearly not rushing to miss out on the opportunity. It will be interesting to see how this will affect the overall trading volume and the price of Bitcoin itself in the coming weeks.

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