Ric Edelman, a renowned investor and chairman of the Digital Assets Council, stated that Morgan Stanley's Bitcoin ETF is expected to attract $7 billion in its first year. In an interview with DL News, he said, "This estimate is based on its first-day performance ($34 million raised)," and added, "Investors will move to Morgan Stanley due to its low fees. In such a scenario, funds will flow out of existing cryptocurrency ETFs. Alternatively, new capital will flow in from clients who have long awaited a Bitcoin product from a bank they trust. Morgan Stanley has legitimized Bitcoin by launching its own branded product rather than merely listing a competitor's fund," he explained.
