According to PANews, Andrew Kang, co-founder of Mechanism Capital, said on the X platform that the market has a habit of providing discounts before positive events. This is the second wave of major ETF inflows he has discussed since spring.
Despite macroeconomic uncertainty, the activation of Morgan Stanley's financial advisory team will provide a strong counterweight. If the incentives for these advisors are adequate, the market will see inflows similar to Saylor's level or greater.
Morgan Stanley allows its wealth advisors to promote Bitcoin ETFs to major Wall Street companies. Starting from August 7, the company's approximately 15,000 financial advisors can recommend the purchase of BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund to eligible clients. According to people familiar with the matter, this move marks the further promotion of Bitcoin ETFs among mainstream financial institutions.
