Anyway, do you remember when Morgan Stanley launched its Bitcoin ETF with a 0.14% fee? Crazy stuff by today's standards. In just one week, they raised $100 million, which says everything about the demand for affordable institutional Bitcoin products. Morgan Stanley understood the moment well—offering something affordable when everyone else was charging much higher fees. A smart move to attract institutional capital that was waiting for a decent product. It's not exactly recent news, but every now and then I think about how this really changed the game for Bitcoin ETFs. Do you remember how it was before?

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