BlockBeats News, January 7th, Bitwise advisor Jeff Park posted on social media, stating, "Here is a point that most people overlook, that is, why Morgan Stanley's launch of a Bitcoin ETF is a 'bitcoin epic bullish signal':· This means that the market size far exceeds the expectations of cryptocurrency professionals, especially in attracting new clients. Despite IBIT becoming the fastest ETF to reach $80 billion in AUM in history, Morgan Stanley still believes there is a significant amount of unmet real demand in the market. This sends a strong signal: we are still in a very early stage.· This means that Bitcoin is not only economically significant to clients, but also socially important. Morgan Stanley is betting that even if this ETF does not ultimately grow into a 'phenomenal hit,' the intangible brand value it brings will greatly enhance its own influence.· Fundamentally, this is a defensive move against platforms being decentralized and fee outflows. In a situation where IBIT has already highly aggregated liquidity, Morgan Stanley still chooses to launch its own Bitcoin ETF, actually acknowledging a fact: the party that controls the distribution channel truly owns the customer, rather than whether the product itself is 'better'.