The MSBT Filing Details

The filing discloses a basket size of 10,000 shares and an initial seed of 50,000 shares expected to raise about $1 million. 

Morgan Stanley bought two shares early this month for audit purposes.

BNY Mellon will handle the fund’s cash and administrative functions, while Coinbase (NASDAQ:COIN) will serve as prime broker and custodian of its Bitcoin holdings.

The amendment signals progress but does not guarantee approval. If approved, the Morgan Stanley ETF would let investors get exposure to Bitcoin without owning it, joining 11 other spot ETFs including BlackRock’s IBIT that have been active since January 2024.

The Wall Street Push Into Crypto

Morgan Stanley’s…

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Bitcoin (CRYPTO: BTC) is hovering near $70,000 amid ETF outflows and weak sentiment, with one analyst warning the current pattern may mirror past bear markets.

Short-Term Rally Or Deeper Drop?

In a Mar. 20 podcast, crypto analyst Benjamin Cowen said Bitcoin appears to be following a familiar cycle seen in 2014, 2018 and 2022.

He described a recurring pattern in which Bitcoin bottoms in February, rallies into March and then weakens, often leading to another leg lower.

While a short-term move toward the 21-week exponential moving average is possible, Cowen said further downside remains the more likely outcome.

He pointed to 2014 as a key comparison, when Bitcoin formed multiple lows throughout…

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Bitcoin (CRYPTO: BTC) is back at $70,000 on weakening bullish momentum, setting up a key test for its next move.

Bitcoin’s Key Levels In Focus

Prominent analyst Trader Mayne on Friday said rising geopolitical tensions and the aftermath of recent Federal Reserve policy decisions are driving volatility across crypto markets.

He noted that macro conditions remain critical.

Higher energy prices can tighten financial conditions, while central bank policy continues to influence liquidity, both key drivers of capital flows into Bitcoin.

From a technical perspective, Bitcoin is at a pivotal point. After a failed breakout attempt, the return to its previous range suggests fading bullish strength.

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The Digital Asset Necessity

Ripple’s survey reveals digital assets are no longer a fringe experiment—they’re becoming a core part of how banks, asset managers, fintechs, and corporates plan to move money, store value, and manage risk.

Stablecoins emerged as the most compelling use case, with 74% of leaders saying stablecoins can improve cash-flow efficiency and unlock working capital. 

This highlights their growing appeal as treasury tools beyond just payment rails.

Fintechs are leading adoption, with 31% using stablecoins to collect payments for customers and 29% accepting stablecoins directly.

Meanwhile, 47% of fintechs want to build their own digital asset solutions rather than rely…

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Bitcoin trades around $70,000 as Bitcoin ETFs saw $90.2 million in net outflows on Thursday, while Ethereum ETFs reported $136.4 million in net outflows.  

Meme coin market capitalization dropped around 3% over the past 24 hours to $33.4 billion.

Trader Commentary: Crypto trader Jelle said Bitcoin is retesting the $70,000 level from below, making it a key decision point. A failure to reclaim it could allow bearish momentum to take control.

He added that significant liquidity remains below current prices, raising the likelihood of a downside sweep before any sustained move higher.

Ted Pillows noted Ethereum bounced from the $2,100 support zone, but the recovery lacks strong spot demand….

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The ‘Everything Exchange’ Expansion

Coinbase becomes one of the first major centralized venues to offer stock perpetual futures, a product that has gained traction on decentralized platforms with billions in daily trading volume. 

The launch advances the company’s strategy of building an “Everything Exchange” where users can access crypto, traditional assets, and emerging markets in a single venue.

The contracts offer up to 10x leverage on single-name stocks and up to 20x leverage on ETF products, with settlement conducted in USDC on crypto rails. Coinbase said the products support cross-margining across perpetual futures and spot positions.

Why 24/7 Stock Trading Matters

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Donald Trump Jr. promoted World Liberty Financial’s (WLFI) new payment infrastructure on Thursday that will enable AI agents to manage funds and transact on the blockchain.

WLFI Dives Into Agentic Commerce

Trump Jr. spotlighted the AgentPay Software Development Kit on X, calling it “open source, self-custodial and policy-first,” which could be used to settle USD1 transactions.

“AI agents that can reason but can’t pay for anything are just expensive interns,” he said. “Today, World Liberty Financial shipped the infrastructure to fix that.”

This software toolkit enables agents to move and trade funds programmatically according to user-defined rules. The rules will be enforced…

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‘False, Misleading Statements’

The lawsuit claimed that Gemini failed to disclose several key issues in the documents supporting its IPO, according to San Diego-based plaintiffs’ law firm Robbins LLP. These include overstating the viability of its core business as a cryptocurrency platform and its international expansion.

The lawsuit also alleged that the company’s post-IPO financial and business prospects were overstated. The plaintiffs stated that the offering documents and public statements made by co-founders, Tyler and Cameron Winklevoss, were “materially false and misleading.”

The shareholders pointed to a blog post by the Winklevoss twins dated Feb. 5, announcing a…

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