Ric Edelman: Morgan Stanley BTC ETF could see $7B in first year

Ric Edelman, a prominent investor and Chairman of the Digital Asset Council, predicts Morgan Stanley's Bitcoin ETF could attract $7 billion in its first year. In an interview with DL News, Edelman based this forecast on the fund's first-day performance, which saw it attract $34 million. He suggested that investors will either shift to Morgan Stanley for its lower fees, leading to outflows from existing crypto ETFs, or new capital will enter from clients who have been waiting for their trusted bank to launch a Bitcoin product. Edelman also noted that by launching its own branded product rather than simply listing a competitor's fund, Morgan Stanley has helped affirm Bitcoin's legitimacy.