$34M Day One: Morgan Stanley MSBT Shakes Bitcoin ETF Race

Morgan Stanley MSBT launched with $34M in first-day inflows and a 0.14% fee, the lowest ever for a U.S. Bitcoin ETF, reshaping the competitive race.

0.14% — the lowest fee ever attached to a U.S. Bitcoin ETF. On April 8, Morgan Stanley MSBT (Morgan Stanley Bitcoin Trust ETP) began trading on NYSE Arca, igniting a fee war in a market now worth more than $128 billion in total assets. This is not just another ETF launch — it marks the first time a major U.S. bank has manufactured its own spot Bitcoin product. Read more »

A$24B Crypto Licensing Law: Australia Ends the Wild West Era

Australia's new crypto licensing law targets a A$24B digital finance market, closing regulatory gaps that enabled years of unchecked trading.

A$24 billion. That is the annual opportunity Australia’s policymakers see in the digital finance market — and the number that drove them to pass the Asia-Pacific’s first comprehensive crypto licensing framework. On April 1, 2026, both houses of Australia’s Parliament approved the Corporations Amendment (Digital Assets Framework) Bill 2025, pulling crypto exchanges and custody providers into the same regulatory orbit as traditional financial services firms. Read more »