Summary
- Morgan Stanley said the crypto ETF market is still in its early stages and that demand is centered on retail investors.
- Amy Oldenburg said most demand for spot crypto ETFs still comes from retail investors.
- She said the crypto ETF market will be a very long journey and that we are still in the early stages.
Forecast Trend Report by Period
Global investment bank (IB) Morgan Stanley said the crypto asset (cryptocurrency) exchange-traded fund (ETF) market is still in its early stages and that demand is being led by retail investors.
According to crypto-focused media outlet The Block on the 17th (local time), Amy Oldenburg, Morgan Stanley’s head of digital asset strategy, said at the DC Blockchain Summit, "Most demand for spot crypto ETFs is still coming from retail investors."
She added, "The crypto ETF market will be a very long journey," and noted, "We are still in the early stages."
The remarks suggest that despite expectations for greater institutional inflows, retail investors continue to wield significant influence in the current market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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