Large financial institutions are accelerating their entry into the crypto market. Following the approval of ETF products on platforms like Binance and Coinbase, even Wall Street's top investment banks can no longer stay on the sidelines—Morgan Stanley has officially filed with the U.S. Securities and Exchange Commission to launch index fund products tracking Bitcoin, Ethereum, and Solana.

What does this move reflect? From pension funds and insurance companies to asset management firms, more and more institutional capital is breaking through previous conservative attitudes. The improvement of the regulatory environment has played a key role—legislative frameworks like the "Clear Act" are gradually clarifying the legal status of crypto assets, and institutional investors are moving from cautious testing to considering full allocation.

Of course, this process also faces uncertainties. The upcoming U.S. midterm elections could influence policy directions, thereby affecting the pace at which cryptocurrencies are adopted in mainstream finance.

Looking at price trends, Bitcoin is currently trading around $90,627. However, by 2026, market expectations vary greatly—optimists forecast up to $250,000, while conservative estimates are above $75,000. This wide range of expectations precisely reflects the market's uncertainty about the future, but the overall tone remains bullish. Institutional inflows, policy easing, and product innovation—these factors combined suggest that the crypto market may enter a new phase by 2026.