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Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition:

The significance of Morgan Stanley’s move to let its advisers pitch bitcoin ETFs to certain clients.
A crypto-focused super PAC with a track record unveils backing for 18 House candidates.
A look at the VIX one week into August — a month known for poor stock performance.  

There has been no shortage of crypto ETF milestones this year. During a week so far marred by market…

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