tl;dr
Morgan Stanley has filed for Bitcoin exposure in several institutionally focused funds, with the intention of integrating spot Bitcoin ETFs into 13 investment vehicles. While these funds are restricted from allocating more than 25% of their assets to Bitcoin ETFs, the filing could significantly boos...
Morgan Stanley has filed for Bitcoin exposure in several institutionally focused funds, with the intention of integrating spot Bitcoin ETFs into 13 investment vehicles. While these funds are restricted from allocating more than 25% of their assets to Bitcoin ETFs, the filing could significantly boost the adoption and expansion of newly introduced spot Bitcoin ETFs. However, experts warn of a potential Bitcoin price correction as Bitcoin may be approaching indicators signaling a cycle top, with the golden ratio multiplier suggesting that Bitcoin tops typically occur around “Level 5.”
Morgan Stanley has shown a positive response to crypto-related investments, with previous investments in Grayscale’s Bitcoin Trust (GBTC) shares. This recent filing aims to bring the top digital asset to the public through indirect exposure to Bitcoin via investments in ETFs. Since the launch in January, Bitcoin ETFs have spurred a surge in Bitcoin’s price, surpassing $60,000. However, technical analysts warn of a potential correction, citing indicators that historically signal a cycle top for Bitcoin. The golden ratio multiplier suggests a top typically occurs around the $67,500 mark, with a high probability of retracement after reaching this level.
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