Morgan Stanley’s Bitcoin ETF Changes Everything with James Seyffart

Morgan Stanley is preparing to launch its own spot bitcoin ETF, and that could mark another major step forward for institutional bitcoin adoption. In this episode, James Seyffart of Bloomberg Intelligence joins me to break down what Morgan Stanley’s move means, why spot bitcoin ETF holders have stayed surprisingly resilient through a major drawdown, and how macro stress is reshaping flows across crypto and traditional markets. We cover: • Why Morgan Stanley launching its own spot bitcoin ETF matters • What ETF flows reveal about investor conviction during this drawdown • Why retail ETF holders may be stronger hands than many expected • How hedge funds, basis trades, and market makers actually influence flows • Why bitcoin has recently traded more like a risk asset • How war, energy prices, and rising real yields are impacting markets • Why capital is rotating from software into energy, materials, and industrials • What to watch next in crypto ETPs, index products, and regulatory clarity Guest links Follow James on X → https://x.com/jseyff Stack Bitcoin using your home equity → https://joinhorizon.com See your home's Bitcoin potential → https://joinhorizon.com/calculator Schedule a 1-on-1 consultation → https://calendly.com/d/cryw-39y-2j4/horizon-consultation Follow Joe on X → https://x.com/JoeConsorti Disclaimer: Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.