Jeff Park on Why Morgan Stanley's ETF Strategy Excludes Ethereum On January 8, ProCap Financial CIO Jeff Park shared his core views during an interview with Anthony Pompliano about why Morgan Stanley launched Bitcoin and Solana ETFs but chose not to include Ethereum. He described Bitcoin as a 'doomsday hedge,' while Solana serves as a 'meme coin proxy' and 'gambling leverage in the crypto space,' betting on human psychology's tendency toward risk-taking and finding product-market fit through its low-latency architecture. In contrast, Ethereum's 'positioning is awkward,' being neither pure enough nor fast enough. He emphasized that Morgan Stanley is a 'sleeping giant' in the crypto space, with its unique wealth management platform and strong vertical distribution channels capable of deeply integrating cryptocurrency into the client experience, potentially creating differentiated competition with BlackRock. Source: Anthony Pompliano