Morgan Stanley's Bitcoin ETF (MSBT) set to launch on April 8 at NYSE

According to Bloomberg ETF analyst Eric Balchunas, it appears that Morgan Stanley is all set to launch its Bitcoin ETF on the NYSE on April 8 under the ticker MSBT. Naturally, I had to check if this was legit, and sure enough, I found this link. So here we go again, another big institution entering the game, and it seems like Bitcoin's outlook is pretty bright. Of course, there will be some stiff competition, especially for us regular folks. But this could really boost demand and potentially send the price skyrocketing in the next few years. Also, here are the official SEC documents.

If I'm not mistaken, Morgan Stanley has already been in the Bitcoin market in some ways years before. So, they're not strictly a new player in that sense. It's just that they came a bit late in issuing their own Bitcoin fund in comparison with asset managers like BlackRock. But, yeah, a major bank in the US joining the Bitcoin ETF competition is a great development. It means there must be huge money in that market. Otherwise, they wouldn't have entered.

I’m not exactly thrilled by news like this. Firstly, because it’s yet another step towards centralisation, which is the very opposite of what Bitcoin was created for. And secondly, because the only reason we might have to be pleased – namely, the assumption that these developments help drive up the price – hasn’t actually held true. Since Bitcoin ETFs were introduced, the price has seen its worst returns in history.

That's the downside of Bitcoin ETFs, I totally agree with you. But again, we really can't control this now. This ETF  thing will stay, just like what happened before with Gold, it started without an ETF, then later on, the ETF started. We all hate this kind of centralisation thingy, because the fact that Bitcoin is decentralized and they still found a way to own Bitcoin in this way(actually, you don't really own it "not your keys, not your coin"), lol.

Overall, it is good news, especially at this time, and it may push the price slightly away from any new deep correction. How would this be a step towards centralization? Bitcoin is not a POS, and investors owning more Bitcoin does not make it centralized.

When all services demanding KYC though, we have moved away from centralization. Not sure if it held the price of Bitcoin, as every bull run, we have reach new all time high. We even have highest high pre-halving, first time in history. And this ETF is not for the majority of us here, average joe investor who want to held Bitcoin in our wallet. This ETF is design for those wealthy clients, too much money they have that they wanted to diversify it to include Bitcoin and that's what institutions are taking advantage of as they offer ETF for their rich clientele and I think somewhat it's one of the driving force for Bitcoin prices, maybe at some point it could be positive but there could be downside as well. But at least Bitcoin has evolved as well and government starting to accept it or giving it recognition as a financial instrument.

And this is how it turns out in the first day: https://x.com/pete_rizzo_/status/2042147329046680051

In the coming months, the addition of the MSBT ETF to Morgan Stanley’s massive wealth network - managing $9T - will likely trigger a major supply squeeze. When you combine the institutional accumulation from Fidelity and BlackRock with existing 'Treasury' holders like MicroStrategy (holding ~740k BTC), we are seeing a massive percentage of the 21M supply moving into 'permanent' institutional hands. On-chain data shows about 4.4M BTC in accumulation addresses, and when you add Satoshi’s 1.1M and the estimated 3.7M in lost coins, nearly 50% to 60% of all Bitcoin is effectively illiquid. As ETFs continue to 'eat' the remaining tradeable supply, we are heading toward a scenario where only 5 or 6 million BTC are actually available for the entire world to fight over. In a supply-demand crunch like that, a 7-digit Bitcoin price isn't just a fantasy - it’s a mathematical probability.

What makes this 'Supply Shock' so compelling now is that unlike previous cycles, the 'players' have changed. We've moved from retail speculators with 'paper hands' to institutional giants with 'diamond hands' and fiduciary mandates. With focus on the velocity of circulation, when you lock Bitcoin behind an institutional ETF wrapper; it’s no longer sitting on an exchange ready to be panic-sold - it becomes part of a 'buy and hold' model for retirees and the 21 million supply cap is the only 'hard' number in a world of infinite fiat printing. Watching FBTC, IBIT and MSBT battle it out over the next 3–5 years will be fascinating. I think the pool of available Bitcoin will shrink faster than the demand for this 'digital gold' grows. I plan on having one of the best seats in the house for this show!

Not really shocking, considering they have seen others like blackrock do it and they charged some fee and made some money, while it would not be big enough to move the needle for them, it would be good enough to pay for itself and some workers, so it is not a bad idea at all. The sad thing about companies like this, Morgan or blackrock or anywhere else, we are talking about companies filled with top heavy payments. Meaning CEO and some other big names could be making a lot, but the bottom of those companies are still making very few, so even with just this, they could be paying for thousands of people salaries without doing anything new or risky at all.

That is it! The future of Bitcoin is indeed growing brighter where the Speculation of Bitcoin as digital gold and probability od of its market price reaching those arguable high levels such as $250K-$500K and even $1M which many had been skeptic that Bitcoin can not realize these values even in the long term. Learning about this kind of positive news for Bitcoin with the more institutions Bitcoin ETF companies are showing interests is suchfo an hedge promising how Bitcoin can possibly catch up with the closest values in breaking ATHs. And so on, price would keep skyrocketing over the long time because of increase in investors demands.