An early Ethereum wallet known as thomasg.eth is steadily rebuilding his exposure, according to Arkham Intelligence data. Arkham data shows that, over the past week, thomasg.eth built a roughly $19.5 million Ether (ETH) position across Arkham-tracked wallets in spot, wrapped ETH (WETH), and Aave-deposited ETH, capped by a fresh $3 million purchase on March 20. Arkham said the wallet held around $537 million in crypto assets at the 2021 market peak, and has started accumulating again as ETH trades around 56% below its all-time high of $4,946 on Aug. 24,…
Tag: ETF
Grayscale Files For HYPE ETF – Here’s What To Know
Prominent asset manager Grayscale has moved to launch a HYPE exchange-traded fund (ETF) following a recent application with the SEC. This development means Grayscale joins a list of growing asset managers with the intention to add an HYPE fund to their portfolio. About The Grayscale HYPE ETF According to filings on March 20, Grayscale has now submitted an S-1 registration form for the Grayscale HYPE ETF with the US Securities and Exchange Commission (SEC). The proposed fund is expected to trade on the NASDAQ exchange under the GHYP symbol. For…
Grayscale Files For Spot Hyperliquid ETF
Unlike Bitwise, Grayscale doesn’t plan to incorporate staking for its Hyperliquid ETF but hasn’t ruled out integrating it in the future. Crypto asset manager Grayscale has filed for a spot Hyperliquid exchange-traded fund, joining Bitwise and 21Shares in seeking to offer a product tied to the Hyperliquid perpetual futures protocol and blockchain. The Grayscale HYPE ETF would track the price movement of the Hyperliquid (HYPE) token and trade under the ticker GHYP on the Nasdaq if approved, according to Grayscale’s S-1 registration statement filed with the Securities and Exchange Commission…
Bitcoin Just Got A $1 Million Nudge, But Will Morgan Stanley’s MSBT ETF Really Move The Needle?
TradFi is taking another step into fully embracing bitcoin as an asset. Morgan Stanley is creating its own Bitcoin investment fund that will trade on the stock market like a regular exchange‑traded fund (ETF) share. To get it started, the lender is putting in about $1 million of its own money as seed capital. Related Reading A TradFi Bitcoin Trust Morgan Stanley has filed another amended S‑1/A for the Morgan Stanley Bitcoin Trust (MSBT), confirming ticker MSBT on NYSE Arca. The bank outlined the ticker symbol in a new submission…
Morgan Stanley Pushes Closer to Bitcoin ETF With Amended SEC Filing
US investment bank Morgan Stanley filed a second amended S-1 for its proposed spot Bitcoin exchange-traded fund (ETF), detailing seed capital, trading partners and listing plans as the Wall Street bank moves closer to launching the product under the ticker MSBT. The amended filing says the trust expects to raise $1 million through the sale of 50,000 initial seed shares to its delegated sponsor ahead of listing on NYSE Arca, then use the proceeds to buy Bitcoin (BTC) for the fund. Morgan Stanley said the fund remains subject to regulatory…
Morgan Stanley Bitcoin ETF Filing Advances With MSBT Ticker on NYSE Arca
Morgan Stanley inches closer to launching its own spot bitcoin ETF, signaling Wall Street’s appetite for direct exposure isn’t fading anytime soon. Morgan Stanley Expands Crypto Push With Spot Bitcoin ETF Filing Morgan Stanley Investment Management has filed an updated S-1 registration statement for the Morgan Stanley Bitcoin Trust, or MSBT, advancing the proposed spot […] Original
Crypto Market Regains Its Nerve as ETF Inflows Top $1B, Report Shows
Crypto asset products saw about $1.06 billion in net inflows last week, extending a three-week positive streak despite ongoing geopolitical stress and mixed macro data. Related Reading Inside The Crypto Report New on-chain data from Banana Gun show about $19,200 in bot fees over the week of March 9–15, with ETH capturing roughly 50.5% and BSC around 36%, while Solana activity cooled sharply. Because Banana Gun is a multi-chain trading bot and DeFi execution layer used by active traders to route orders across Ethereum, Binace Chain, Solana and Base, its…
Morgan Stanley advances Bitcoin ETF plans with amended S-1
Banking giant Morgan Stanley has submitted an amended Bitcoin ETF filing with the U.S. Securities and Exchange Commission. Summary Morgan Stanley has amended its Bitcoin ETF filing, confirming ticker MSBT on NYSE Arca and outlining a $1 million seed structure through 50,000 shares. The filing finalizes Coinbase Custody and BNY Mellon as custodians but leaves management fee and expense details undisclosed. According to the updated S-1 filing on Wednesday, the firm has confirmed the ticker MSBT on NYSE Arca. Further, the filing notes that the trust will acquire initial Bitcoin…
Bitcoin Price Rally To $79K Would Make Spot ETF Holders Whole Again
Bitcoin (BTC) is closing in on its average entry price for US spot BTC exchange-traded fund (ETF) investors at $79,900. The narrowing gap between Bitcoin’s market price and the ETF holders’ cost basis coincides with onchain data that shows early signs of accelerated buying from investors. Bitcoin ETF breakeven level nears key trend test Bitcoin’s sustained price rally above $70,000 puts a key investor cohort back in focus. The ETF cost basis level acted as support in mid-2024, and a break above this level brings many ETF holders closer to…
Citigroup Reduces Bitcoin and Ethereum Forecasts as ETF Inflows Slow in US
Citigroup has lowered its 12-month price targets for bitcoin and ethereum, citing delays in U.S. crypto legislation, softer ETF inflows and weakening network activity. Bitcoin Range Trading Likely Near $70K, Citi Analysts Say The revised outlook, detailed in a March 16 client note by Citigroup Research strategist Alex Saunders, trims expectations while maintaining a view […] Original