The door for traditional finance to embrace digital assets has been opened, and it can no longer be ignored.

Morgan Stanley's recent crypto ETF filing is the most straightforward proof of this shift. As leading global financial institutions begin to incorporate digital assets into a regulated and institutionalized framework, this not only signifies increased market acceptance but also marks the official entry of the crypto ecosystem into the realm of traditional finance.

From an institutional allocation perspective, this integration sends a clear signal: digital assets are evolving from being marginalized high-risk assets to becoming an asset class that can be absorbed by the traditional investment system. ETFs, as the most popular investment vehicle, serve as the bridge. Every regulatory approval and every institutional entry are redefining the compliance foundation of the crypto market.