Phong Le Calls Morgan Stanley’s BTC ETF a “Monster Bitcoin” Bet With $160 Billion Potential

Phong Le, CEO of Strategy, believes Morgan Stanley’s proposed Bitcoin ETF (MSBT) could unlock significant demand, potentially reaching $160 billion if the firm allocates just 2% of its $8 trillion in assets under management (AUM) to Bitcoin. This would be three times the size of the iShares Bitcoin Trust (IBIT). The ETF, set to trade on NYSE Arca, will follow a standard structure with BNY Mellon as custodian and Coinbase as prime broker. Le’s analysis highlights a broader trend of wealth managers considering Bitcoin as a standard portfolio component, with Morgan Stanley already allowing client access to spot BTC ETFs. While SEC approval isn't guaranteed, the filing signifies a major U.S. bank's increasing involvement in the Bitcoin ETF market, moving beyond simply distributing existing products to owning its own.

(Source：Bitcoin Magazine)