Bitwise Advisor Analyzes J.P. Morgan Launch of Bitcoin ETF: Bullish for Bitcoin, Significant Unmet Market Demand

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'.