Morgan Stanley’s Bitcoin ETF Changes Everything with James Seyffart

<p>Morgan Stanley is preparing to launch its own spot bitcoin ETF, and that could mark another major step forward for institutional bitcoin adoption. </p>

<p>In this episode, James Seyffart of Bloomberg Intelligence joins me to break down what Morgan Stanley’s move means, why spot bitcoin ETF holders have stayed surprisingly resilient through a major drawdown, and how macro stress is reshaping flows across crypto and traditional markets. </p>

<p>We cover: </p>

<p>• Why Morgan Stanley launching its own spot bitcoin ETF matters </p>

<p>• What ETF flows reveal about investor conviction during this drawdown </p>

<p>• Why retail ETF holders may be stronger hands than many expected </p>

<p>• How hedge funds, basis trades, and market makers actually influence flows </p>

<p>• Why bitcoin has recently traded more like a risk asset </p>

<p>• How war, energy prices, and rising real yields are impacting markets </p>

<p>• Why capital is rotating from software into energy, materials, and industrials </p>

<p>• What to watch next in crypto ETPs, index products, and regulatory clarity </p>

<p>Guest links </p>