【BlockBeats】There's a detail that many people in the market haven't noticed. Why is this move by Morgan Stanley so critical for Bitcoin? Let's break it down.
First, let's look at market capacity. As the fastest ETF to reach an $8 billion scale in history, IBIT has set a record. But what does this signal? Morgan Stanley's judgment is that this is just the beginning. They've detected substantial unmet real demand in the market, particularly in attracting new customers. This signal is clear: we're still in the very early stages, with enormous room for growth ahead.
The second dimension is social attributes. For financial institutions, Bitcoin is no longer just an economic tool. Morgan Stanley is betting that even if this ETF doesn't ultimately become a blockbuster, simply launching the product itself can significantly enhance brand value. This is an investment at the social level, not just about returns.
The third and most critical point is actually...