Morgan Stanley just became the first major U.S. bank to file for a Bitcoin ETF—and that's huge.

This marks a real shift in how Wall Street views crypto. We're not talking about tentative experiments anymore. The shift is clear: from passive distribution to actually owning Bitcoin products. Major institutions are no longer dabbling—they're putting their reputation on the line.

What makes this pivotal is that Morgan Stanley isn't fringe. This is core Wall Street moving into Bitcoin allocation. When a tier-one player like this makes a formal ETF filing, it signals something fundamental has changed in how the mainstream financial world perceives Bitcoin's role in institutional portfolios.