#BinanceResearch #MorganStanley

🚀 Morgan Stanley leads the “second wave” of crypto adoption: Binance Research analysis

The cryptocurrency market is officially entering a new phase. If retail hype was the driver before, now big capital dictates the rules of the game. According to the latest Binance Research report, we are witnessing a structural shift, where institutional giants play the main role.

💎 What has changed?

The first wave of adoption (2024) was dedicated to access (launch of spot ETFs). The second wave is about product creation.

Key takeaways from the report:

• Morgan Stanley case: The bank is not just offering clients access to crypto, but is filing (S-1) for its own Bitcoin and Solana ETFs. This is forcing competitors (Goldman Sachs, JPMorgan) to catch up in order not to lose market share.

• Institutions instead of retail: Now it is long-term capital flows from large funds that determine liquidity and price dynamics, reducing the impact of short-term speculation.

• Government level: Accumulation of assets by sovereign wealth funds and talk of strategic digital reserves in the US create fundamental support for the market.

📉 Macroeconomic context

Why are investors going into crypto right now?

1. Tech fatigue: In 2025, only 10 companies provided more than 50% of the S&P 500 growth. Investors are afraid of "overheating" and are looking for alternative assets for diversification.

2. Easing pressure: MSCI decided not to exclude crypto-oriented companies (DAT) from its index, which prevented a forced sale of assets worth about $ 10 billion.

⚠️Conclusion

Cryptocurrency is finally ceasing to be a "peripheral" asset. It is part of the strategic portfolio of large Wall Street players.