Adam Back: Morgan Stanley spot BTC ETF impact will be limited

While Morgan Stanley's potential entry into the spot Bitcoin ETF market is being watched as a possible catalyst to end the crypto bear market, its effects are unlikely to be immediate, according to an analysis. Blockstream CEO Adam Back stated that although a spot Bitcoin ETF can send a positive signal to the market, its impact will not be instantaneous, CoinDesk reported. "Institutional adoption is much slower than expected," Back said. He noted that while BlackRock has recommended a 2% to 4% crypto allocation in portfolios, most fund managers have not yet reflected this. Back predicted that investors will not rush in, and it could take at least one year and up to 18 months for actual fund inflows to expand.