Bitcoin seems to have been fully taken over by Wall Street

JPMorgan Chase, Goldman Sachs, BlackRock, Citibank
The four major Wall Street giants all launched Bitcoin ETF strategies in the same month:
• JPMorgan Chase: MSBT, fee rate 0.14%, directly targeting high-net-worth clients.
• Goldman Sachs: Applied for a Bitcoin income ETF, selling a financial product that combines "holding coins + earning option premiums."
• BlackRock: Simultaneously applied for BITA, forming a "spot + income" dual product line with IBIT (scale of $55 billion).
• Citibank: Deep involvement as an authorized participating institution, responsible for custody, clearing, and market making.
Together, these four manage assets exceeding $30 trillion.
Wall Street veteran financial giant Morgan Stanley finally couldn’t sit still, launching the Morgan Stanley Bitcoin Trust on April 8th, a Bitcoin ETF with the code MSBT, driven by huge demand from high-net-worth clients.
BlackRock today also bought 3,450 Bitcoins in one go,
worth over $250 million, in the past 8 days.
It feels like Wall Street is aiming to directly take over Bitcoin’s pricing power.
The pricing power is shifting from retail holders
to Wall Street fund managers.
Bitcoin is no longer an anti-Wall Street rebellious asset.
It has completely transformed into a compliant, standardized financial tool.
The market is increasingly resembling U.S. tech stocks.
No longer an independent safe-haven digital gold.
Previously, buying Bitcoin was to escape the traditional financial system.
Now, buying Bitcoin ETFs is obediently returning to the system.