2026-01-06 13:29:00

Wall Street veterans are playing new tricks again. Morgan Stanley recently submitted a Bitcoin Trust S-1 filing to the U.S. Securities and Exchange Commission, creating a dedicated allocation plan for high-net-worth individuals. What seems like a low-key move actually opens a big door.

Why is this worth paying attention to? First, many see this as an important step toward a "quasi-spot ETF" model, providing institutional and high-net-worth users with a new compliant on-ramp. Second, by implementing a trust structure for BTC custody-level allocation, Bitcoin is gradually evolving from a simple investment topic into a serious asset allocation option. Another detail—public reactions say it all. From the past question of "when will Bitcoin go to zero" to now discussing "whether trust fees can be discounted," this shift reflects the market sentiment.

It’s clear that traditional financial institutions are unstoppable in their move into this space. Morgan Stanley’s step is just another example of the broader institutional wave. What do you think about the prospects of this application being approved? Let’s discuss in the comments.

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SudoRm-RfWallet/

· 19h ago

Morgan Stanley's recent moves, to put it simply, are still driven by the smell of money. From "will go to zero" to "discounted rates," it indeed reflects a major shift in market sentiment. The influx of institutional investors seems to be an unstoppable trend.

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GasWrangler

· 01-09 07:27

nah, this trust structure is honestly just another layer of middlemen extracting fees. like... technically speaking, if you analyze the actual throughput implications, you're adding unnecessary transaction overhead when direct custody would be demonstrably more efficient. but whatever, institutions gonna institution, right?

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LightningSentry

· 01-06 13:59

Morgan Stanley's move is really about laying the groundwork. From zeroing out to fee discussions, the market sentiment shift is quite clear.

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CounterIndicator

· 01-06 13:53

Hey, the discount on fees is really awesome, Wall Street's true colors are showing Morgan Stanley's move looks gentle, but actually it's paving the way for themselves Wait, exclusive for high-net-worth individuals? So are retail investors about to be harvested again? Institutionalization is definitely the trend, but the fees... I just want to see how shady it really is A wave of contrarian indicators, this should be bearish, right? Seems like too many people are optimistic about it

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DAOdreamer

· 01-06 13:53

Morgan Stanley's move is indeed aggressive. From "zeroing out" to "cutting fees," people's mindsets are changing. Another traditional financial giant entering the scene—this wave of institutionalization really can't stop. Trust structure strategies, to put it simply, are still them harvesting liquidity. Don't be fooled by the guise of compliance. Exclusive for high-net-worth individuals? Haha, in the end, it's just ordinary people taking over. Fee rates will eventually have to be cut in half. Only when competition arrives will we see who the real boss is. I’d say the probability of this S-1 passing is about 60%, mainly depending on the SEC's recent attitude. From retail investor mentality to institutional allocation, Bitcoin is finally becoming "legitimate." The entry of big institutions means more ways to cut leeks; be cautious. Honestly, Morgan's move is a bit late, but it’s compliant, which is a long-term positive. Is the trust model more stable than direct buying? That depends on whether the management will pass the buck.

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BoredApeResistance

· 01-06 13:52

Morgan Stanley really doesn't bother pretending anymore, directly putting BTC into trusts to sell to the wealthy. This is what they call "compliance" haha --- Discounted fees? Wake up, Wall Street's ways of making money are limited, it's no wonder they can't be cheaper --- From "Bitcoin zeroing out" to "Can we get a discount," this shift... is truly remarkable, human nature indeed --- Wait, exclusive to high-net-worth individuals? What about us retail investors? Are we going to get cut again? --- The institutional wave can't be stopped, but I just want to see if the coin price can be pushed up after this trust passes --- It's Morgan Stanley again, these guys have a keen sense. Wherever there's money to be made, they're there --- Basically, they just want to whitewash BTC into a "legitimate asset" to make it easier for big players to enter --- Now they're discussing fee rates, which means Bitcoin is being taken seriously. That's a good sign, right? --- The "compliant" deposit path sounds high-end, but in reality, it's just Wall Street opening another window to cut the leeks --- Trust structure custody... feels like there's another layer of middlemen, and in the end, we still have to pay the bill

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GasFeeNightmare

· 01-06 13:39

Morgan Stanley's move is truly top-notch; high-net-worth individuals' wallets are about to be locked in. --- Can trust fee rates be discounted? Ha, traditional finance always finds ways to exploit. --- From "Will it go to zero" to "What are the fee rates," this shift is really impressive. --- Another signal that institutions are stepping in; retail investors should wake up. --- Filing of the S-1 document—are spot ETFs still far away? It feels like they're about to arrive. --- The compliant deposit path is now open; BTC has truly entered the mainstream asset circle. --- Wall Street veterans are indeed ruthless; with this move, they've directly changed the game rules. --- Exclusive high-net-worth configuration plans? Basically, tailored for the wealthy. --- The concept of custodial-grade configuration sounds professional; retail investors can't play this game. --- Fee rate issues are the real focus; will trust costs ultimately be passed on to users?

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