Morgan Stanley's BTC spot ETF is garnering attention as a catalyst to end the cryptocurrency bear market, but analysis suggests its effects will not be immediate. According to CoinDesk, Blockstream CEO Adam Back stated, "While a BTC spot ETF can give a positive signal to the market, its effects are not immediate. The pace of institutional adoption is much slower than expected. Although BlackRock recommended a 2-4% allocation to cryptocurrencies in portfolios, most fund managers have not yet reflected this. Investors will not flock in the short term, and it could take at least 1 year to up to 18 months for actual capital inflows to expand."
