🔥 #BigFourAllInOnBtc: Wall Street officially all-in on Bitcoin
In just one month, four giants of Wall Street have simultaneously entered the Bitcoin game seriously. I think this is one of the most important signals of this cycle.
Here's a recap of what just happened:
→ Morgan Stanley launched a spot Bitcoin ETF (MSBT, fee only 0.14%)
→ Goldman Sachs filed for a Bitcoin Premium Income ETF
→ BlackRock registered a Bitcoin yield ETF (BITA)
→ Citi officially joined as an authorized participant
The total AUM of spot Bitcoin ETFs in the U.S. has now reached 96.5 billion USD. Specifically, BlackRock's IBIT holds 55 billion USD, accounting for about 57% of the market share. Notably, on the same day Goldman filed, the net inflow reached 411 million USD.
📊 Personal insights:
→ Bitcoin is transitioning from a fringe asset to a standard financial product
→ With the Big Four getting involved, pension funds, insurance, and private banks will have reasons to allocate accordingly
→ The low fee of 0.14% indicates that parties are competing for market share, which is good for long-term investors
With institutional money flowing in like this, I believe the crypto market is entering a very different phase. What do you think about this wave?
$BTC $ETH #BigFourAllInOnBtc
In just one month, four giants of Wall Street have simultaneously entered the Bitcoin game seriously. I think this is one of the most important signals of this cycle.
Here's a recap of what just happened:
→ Morgan Stanley launched a spot Bitcoin ETF (MSBT, fee only 0.14%)
→ Goldman Sachs filed for a Bitcoin Premium Income ETF
→ BlackRock registered a Bitcoin yield ETF (BITA)
→ Citi officially joined as an authorized participant
The total AUM of spot Bitcoin ETFs in the U.S. has now reached 96.5 billion USD. Specifically, BlackRock's IBIT holds 55 billion USD, accounting for about 57% of the market share. Notably, on the same day Goldman filed, the net inflow reached 411 million USD.
📊 Personal insights:
→ Bitcoin is transitioning from a fringe asset to a standard financial product
→ With the Big Four getting involved, pension funds, insurance, and private banks will have reasons to allocate accordingly
→ The low fee of 0.14% indicates that parties are competing for market share, which is good for long-term investors
With institutional money flowing in like this, I believe the crypto market is entering a very different phase. What do you think about this wave?
$BTC $ETH #BigFourAllInOnBtc