Data released by investor and entrepreneur Alistair Milne on X (formerly Twitter) shows that so far, four of the 15 largest asset management companies in the United States have applied for their own Bitcoin ETFs. State Street is the manager of the VanEck ETF, Morgan Stanley has a private Bitcoin fund, and Franklin Templeton, which has an asset management scale of US$1.53 trillion, has also applied for its own Bitcoin ETF (spot, not derivatives).