POPA ReconThen it begs the question - why are the major Wall Street banks so "bullish" BTC? Do they have clients that put on option structures or…
Then it begs the question - why are the major Wall Street banks so "bullish" BTC? Do they have clients that put on option structures or trade CME futures and by regulation, they only can trade CME futures? Looking at Blackrock new BITA covered call ETF, theres barely 80m inflows since the inception. So its not Blackrock. Interestingly; - MS (Morgan Stanley) launched their own spot BTC ETFs on 8th Apr 2026. Their AM arm holds +876M worth of BTC right now. Are they MM/hedging their own ETF? Or helping their clients do so? As read on their prospectus, they dont deploy leverage or use derivat…
The excerpt is quoted from a public Telegram channel, which owns its text.