The president and CEO of Strategy said Morgan Stanley’s upcoming bitcoin ETF could unlock as much as $160 billion in demand under a modest portfolio allocation scenario.
Coinbase CEO Brian Armstrong dismissed “paper Bitcoin” claims, insisting spot Bitcoin ETFs are fully backed, while defending Coinbase’s dominant custody role and calling U.S. regulatory clarity the next key step for the industry.
Abu Dhabi investment vehicles together held over 20 million shares of BlackRock’s Bitcoin IBIT at the close of last year, with a combined value exceeding $1.1 billion.