Edelman Says Morgan Stanley Spot Bitcoin ETF Could Draw $7 Billion in First Year

JH Kim

Summary

Ric Edelman said Morgan Stanley’s spot Bitcoin (BTC) ETF could attract about $7 billion in its first year.
He said about $34 million in first-day inflows indicates early demand is building steadily.
Edelman said lower fees could drive money out of existing ETFs and bring new inflows from investors who had been waiting for a product from a traditional financial institution.

Forecast Trend Report by Period

Morgan Stanley’s spot Bitcoin exchange-traded fund could attract major inflows in its first year as investors shift from existing ETFs and new money enters the market.

DL News reported on July 10 that Ric Edelman, chairman of the Digital Assets Council, said in an interview that Morgan Stanley’s Bitcoin ETF could draw about $7 billion in its first year.

He based that forecast on about $34 million of inflows on the first day of trading, indicating that early demand is building steadily.

Edelman said lower fees could prompt investors to move money from existing ETFs into Morgan Stanley’s product. He also raised the possibility of fresh inflows from investors who had been waiting for a product from a traditional financial institution.

He added that Morgan Stanley’s decision to launch a product under its own brand strengthens the legitimacy of Bitcoin investment products. The market is closely watching shifts in fund flows and competition among ETFs.