The total assets of Bitcoin ETFs have reached $123.5 billion, with a net inflow of $35.2 billion in 2024. Morgan Stanley has submitted applications for spot Bitcoin and Solana ETFs, becoming the first major U.S. bank to seek to launch its own spot Bitcoin fund. This institutional expansion, including BlackRock's $70.6 billion IBIT and Fidelity's $17.7 billion FBTC, reflects Bitcoin's integration into the traditional financial system through regulated products such as retirement plans.

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