Coinworld News - Jeff Park, consultant at Bitwise, shared his views on X platform regarding Morgan Stanley’s launch of a Bitcoin ETF, stating that this move is of significant importance in his opinion. Jeff Park expressed that after the first batch of Bitcoin spot ETFs have dominated major liquidity for two years, Morgan Stanley’s decision to launch its own branded product reflects that through internal wealth management channels evaluation, the firm believes the market scale and new customer demand still possess commercial viability. Jeff Park further pointed out that Bitcoin ETFs are not only financial products for asset management institutions, but also carry symbolic significance at the brand and social level, which can be used to reach specific customer groups such as ultra-high-net-worth independent investors. He also believes that this move can be viewed as a defensive arrangement for platform distribution rights and fee retention, namely controlling customer relationships through proprietary products rather than ceding distribution benefits to third parties. Against this backdrop, Jeff Park expressed his optimistic stance on the related layouts of Bitwise and Morgan Stanley.
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Conseiller de Bitwise Jeff Park : Le lancement du ETF Bitcoin par Morgan Stanley reflète une stratégie de distribution et de branding
Coinworld News - Jeff Park, consultant at Bitwise, shared his views on X platform regarding Morgan Stanley’s launch of a Bitcoin ETF, stating that this move is of significant importance in his opinion. Jeff Park expressed that after the first batch of Bitcoin spot ETFs have dominated major liquidity for two years, Morgan Stanley’s decision to launch its own branded product reflects that through internal wealth management channels evaluation, the firm believes the market scale and new customer demand still possess commercial viability. Jeff Park further pointed out that Bitcoin ETFs are not only financial products for asset management institutions, but also carry symbolic significance at the brand and social level, which can be used to reach specific customer groups such as ultra-high-net-worth independent investors. He also believes that this move can be viewed as a defensive arrangement for platform distribution rights and fee retention, namely controlling customer relationships through proprietary products rather than ceding distribution benefits to third parties. Against this backdrop, Jeff Park expressed his optimistic stance on the related layouts of Bitwise and Morgan Stanley.