Morgan Stanley launches first major Wall Street spot Bitcoin ETF

Morgan Stanley launched its spot Bitcoin ETF (MSBT), making it the first major Wall Street bank to do so. Bitcoin reaching $80,000 in April sits at 17% YES, down from 26% yesterday. Market reaction MSBT carries a 0.14% fee, designed to pull in institutional capital. The 9-point drop to 17% suggests traders don’t see the ETF alone as enough to push Bitcoin to $80,000 this month. Bitcoin reaching $150,000 in April remains at 0% YES. Why it matters For year-end predictions, the December 31 market sits at 5% YES. That market trades only about $280 in USDC daily, so the liquidity is thin enough that small orders can move the price significantly. The 5% figure reflects a long timeline for institutional adoption to affect Bitcoin’s price, but the low volume makes it an unreliable signal.

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