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Morgan Stanley’s Bitcoin ETF Launches as a New Vampire Fund Rises from the Crypt(o)
Do Staten Island’s gang of misfit nosferatu Nadja, Laszlo, Nandor or Colin Robinson from the mockumentary What We Do in the Shadows even care about crypto? There’s a new ETF that is a creature of the night, trading in futures, options and other exchange-traded products. During the day, the Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT) goes to sleep, holding short-duration Treasurys and cash. Meanwhile, investors can get their diurnal bitcoin fix via any number of funds now on the market, most recently Morgan Stanley’s ETP, which undercut the competition on price by at least a basis point. Both of the new ... (full story)
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