For a while, Bitcoin and other cryptos were entirely driven by the activity of retail investors and a handful of trailblazing billionaires. Then, a growing regulatory framework led to the creation of the first Bitcoin futures, ETFs, and similar derivatives for other cryptocurrencies. A new step is being made with the launch of MSBT, Morgan Stanley’s own Bitcoin ETF, the first bank-issued Bitcoin ETF. The bank is also planning to launch crypto ETFs for Solana and Ethereum. Previously, all Bitcoin ETFs were launched by asset managers like BlackRock’s IBIT. The entry of a major bank into this field is a major shift, as ... (full story)