Strategy CEO: Morgan Stanley's 2% Bitcoin ETF allocation would bring $160 billion in capital inflows

BTC0,42%

Gate News reports that on March 21, Strategy CEO Phong Le stated that Morgan Stanley Wealth Management has approximately $8 trillion in assets. He recommended a Bitcoin allocation of 0-4%. If a moderate 2% allocation is adopted, it could bring in $160 billion in market inflows, which is about three times the size of BlackRock’s IBIT. Previously, according to official documents, Morgan Stanley filed an S-1/A amendment for its Bitcoin spot ETF, “Morgan Stanley Bitcoin Trust” (MSBT). The document revealed that the trust raised $1 million in seed funding by selling 50,000 seed shares at $20 each.

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