Well-known Wall Street firm Morgan Stanley (MS) reported the launch of more than 180 crypto ETFs and ETP products.
According to MS, the tough bear market has not curbed crypto development and growth. Particularly the involvement of banks and intermediary institutions in this sector stood out. Publishing a report, MS stated that the products lost about 70 percent of their value, but the interest did not end.
Morgan Stanley Releases Crypto ETP Report
The company, which published the analysis report, claimed that crypto exchange products and crypto assets will continue to grow. He also stated that the bear market and the bad course did not affect the companies. According to MS, crypto fund launches are not slowing down despite the market drops. Around 8 different ETP launches were made this year.
Crypto ETPs are traded like stocks on major exchanges. It also tracks the performance and momentum of the main asset. It is effective for customers to invest through the brokerage service provided by exchanges, without turning to any digital assets. It has been suggested that powerful companies and investors will further concentrate on the crypto sector through these banks.
MS predicts that more crypto-asset products will be launched in the future. According to MS, while the focus of investors remains on Bitcoin (BTC) for now, more cryptoassets may see interest in the future.
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