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  "description": "Morgan Stanley has joined the Bitcoin ETF rush. That’s the first major investment bank with a Bitcoin ETF, which steps things up a gear.",
  "path": "/research/2026/04/bitcoin-welcomes-morgan-stanley/",
  "publishedAt": "2026-04-01T15:21:04.000Z",
  "site": "https://www.bytetree.com",
  "tags": [
    "BOLDETF.com",
    "Subscribe now"
  ],
  "textContent": "## ByteFolio Issue 203;\n\n💡\n\nThis issue covers ****Quantum Computing**** , ****Helium**** (HNT), and ****Stablecoins****.\n\nBitcoin’s ByteTrend Score drops to a 1. The price just made a 20-day low and dropped below its 30-day moving average, which is a setback. On the positive side, there is still no new low, despite the volatile backdrop of the war in Iran.\n\n## Sign up for our research\n\nByteTree is a leading provider of high-quality investment research in traditional finance and crypto. Our experienced market professionals construct easy-to-follow, risk-managed model portfolios.\n\nSign Up\n\nEmail sent! Check your inbox to complete your signup.\n\nNo spam. Unsubscribe anytime.\n\n### Bitcoin\n\nSource: Bloomberg\n\nBitcoin in Nasdaq is important here. Tech has had a 12% correction since October, while Bitcoin has fallen by 45% and 50% at its low.\n\n### Bitcoin in Nasdaq\n\nSource: Bloomberg\n\nHowever, since hostilities began at the end of February, Bitcoin has served as a safe haven amid turbulent times. The bull scenario needs to see Bitcoin leadership over tech. Note that the chart begins at the Bitcoin low.\n\n### Bitcoin in Nasdaq – since the Bitcoin Low\n\nSource: Bloomberg\n\nThis may not seem much, but if this turns out to be the cycle low, Bitcoin is in quite a good place. In the last cycle, it lagged the Nasdaq by 70%, which is disastrous. This time would be 50%, which is a step change.\n\n### Bitcoin in Nasdaq – since the 2021 High\n\nSource: Bloomberg\n\nOutperformance leads to confidence, which leads to flows. The Bitcoin ETFs have held up well despite the correction.\n\nSource: BOLDETF.com\n\nIn other big news, Morgan Stanley has joined the Bitcoin ETF rush, launching MSBT perhaps as early as next week. That’s the first major investment bank with a broad reach in the financial world to launch an ETF. The others have been asset managers, and this is a mega bank that acts for the big money.\n\nSource: Bloomberg\n\nMorgan Stanley has a massive wealth management network with 16,000 financial advisors overseeing $6.2 trillion. Many high-net-worth clients already allocate to crypto, as the firm has recommended 2–4% portfolio exposure in the past, but they often go to competitor ETFs. By offering a proprietary product, advisors can recommend MSBT directly without sending assets and associated fees to rivals. This keeps client relationships, trading activity, and revenue in-house.\n\nThe ETF is priced at a 0.14% annual fee, the lowest among U.S. spot Bitcoin ETFs. They have also filed for a Solana ETF and are exploring staked Ethereum products.\n\nBitcoin keeps moving forward, and the big money is yet to come.\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Bitcoin Welcomes Morgan Stanley",
  "updatedAt": "2026-04-01T15:41:40.452Z"
}