Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300.
Morgan Stanley’s spot Bitcoin ETF has accumulated over $139 million in BTC within nine days of launch, indicating strong early institutional demand for the firm’s new crypto offering.
U.S. spot bitcoin ETFs saw $996.4 million in net inflows last week — the strongest since mid-January — extending a three-week streak that has added over $1.8 billion and pushed year-to-date flows back above $1 billion after earlier outflows.
Morgan Stanley officially launched the first U.S. bank-issued spot bitcoin ETF, undercutting rivals on fees and leveraging its massive advisor network to challenge BlackRock’s dominance.