Tag: institutional crypto
Goldman Sachs files first Bitcoin ETF while someone quietly drains 11,000 BTC from Binance
Three weeks after Morgan Stanley launched its own fund, Goldman’s covered-call Bitcoin product signals Wall Street’s final surrender to crypto — but the on-chain data hints at something bigger. Three weeks. That’s how long it took for Goldman Sachs to follow Morgan Stanley into the Bitcoin ETF business. On April 14, Goldman filed its first-ever…
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Morgan Stanley Just Undercut BlackRock With the Cheapest Bitcoin ETF Ever – $6.2 Trillion Follows
The first bank-issued spot Bitcoin ETF charges 44% less than BlackRock’s IBIT – and it’s launching into maximum fear. 0.14%. That’s what Morgan Stanley plans to charge for MSBT, its spot Bitcoin ETF now awaiting final SEC approval. For context, BlackRock’s IBIT – the undisputed king of crypto ETFs with $53.2 billion in assets –…
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Bitmine Lost $7.8 Billion on Ethereum and Just Bought $108 Million More
One company controls 3.86% of all Ethereum in existence – and it refuses to stop buying. Bitmine Immersion Technologies dropped another $108 million on 50,000 ETH this week while sitting on roughly $7.8 billion in unrealized losses. ETH slipped below $2,000 on March 27 for the first time since early March. Bitmine’s response? Buy more.…
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