Morgan Stanley has launched its spot Bitcoin ETF (MSBT) on the New York Stock Exchange, marking the first proprietary Bitcoin fund from a top 10 U.S. bank. The fund features a market-leading low annual fee of 14 basis points, positioning the bank to leverage its $6.2 trillion in client assets to accelerate the $56 billion in net inflows already seen by the sector since January 2024. Simultaneously, a two-week ceasefire between Iran and Israel propelled Bitcoin past $72,000, triggering $595 million in liquidations as the market reacted to the geopolitical shift. In South America, Argentine President Javier Milei faces intensifying scrutiny over his ties to the failed Libra token project. Newly disclosed phone records reveal multiple calls between Milei and entrepreneur Maurizio Novelli during the token's launch, strengthening evidence that the President's promotion of the asset was part of a coordinated effort rather than an incidental endorsement.
Sign in to continue reading, translating and more.
Open full episode in Podwise