Financial services company Morgan Stanley has selected two custodians for its spot Bitcoin exchange-traded fund, crypto exchange Coinbase, and BNY Mellon, as BTF ETF flows have flipped.
Morgan Stanley named BNY Mellon and Coinbase Custody as custodians for its upcoming spot Bitcoin ETF, mirroring the structure used by BlackRock's IBIT.
The Bitcoin price has reclaimed $72,000 amid billion-dollar ETF outflows and heightening macroeconomic tensions.
Bitcoin ETFs recorded a record $8.9B drawdown during the BTC correction, but $1.5B has returned as institutional inflows signal recovery.
Morgan Stanley has named Bank of New York Mellon and Coinbase as custodians for its planned Bitcoin Trust exchange-traded ...
Fresh allocations to spot bitcoin ETFs suggest investors are growing more comfortable despite the asset still being down 16% ...
Bitcoin is suffering from a broad market rotation away from speculative assets, despite positive crypto-specific developments ...
The banking giant first filed for the Morgan Stanley Bitcoin Trust back in January, stirring the crypto world at the time. In the latest amendment filed, the bank said it will use Coinbase Custody and ...
Bitcoin surged above $71,000 on Wednesday, extending gains despite escalating geopolitical tensions in the Middle East, while US-listed spot exchange-traded funds (ETFs) attracted significant inflows.
US spot Bitcoin ETFs recorded $225 million in net inflows, driven by BlackRock's IBIT offsetting redemptions from other funds ...