Bitcoin Report from Morgan Stanley: “Despite the Bear Market….”

Bitcoin (BTC) and cryptocurrencies It has been under the influence of the crypto winter, that is, the bear market, for about a year.

In this process BTC and altcoins experienced significant decreases and depreciation.

Evaluating the current bear market and its effects Wall Street giant Morgan Stanley He said that despite the ongoing crypto winter, the cryptocurrency market continues to grow.

Over 180+ despite crypto winter concerns dominating the crypto industry crypto ETF/ETP and trust, Morgan Stanley pointed out that half of them have been launched since the bear market began.

Morgan Stanley made the following statements in its research report published yesterday:

“There are over 180 crypto ETFs/ETPs and trusts on the market, and half of these products have been launched since the start of the Bitcoin bear market.

This is a sign that institutional interest in the cryptocurrency industry remains strong despite the crypto winter concerns dominating the market.

Cryptocurrency exchange products market will continue to grow, even though total assets fall by 70% from $84 billion to $24 billion.

The bear market hasn’t stopped asset managers and financial companies from launching new ways for their clients to access digital assets.

Despite the drop in crypto prices, the launch of crypto products accelerated in 2022, with an average of eight new ETP launches per month last year.”

Stating that it expects more crypto money products to be released around the world in the coming days, Morgan Stanley said that the focus of these products is Bitcoin (BTC) thinks it will stay.