Benchmark’s base case notes that even 0.01% of NYSE’s roughly $44 trillion market could exceed Securitize’s $4 billion asset base.
Wall Street’s financial advisory machine now has a direct line to Bitcoin. Morgan Stanley Investment Management launched its spot Bitcoin exchange-traded fund on NYSE Arca on Tuesday, backed by a network of roughly 16,000 financial advisors who can steer clients into the product through their standard brokerage accounts. Related Reading: Bitcoin Faces Quantum Risk As Bernstein Sees 3–5 Year Window For Upgrades First Bank-Affiliated Asset Manager To Cross The Line The fund, trading under the ticker MSBT, tracks Bitcoin’s daily price using the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Rate — a pricing tool that pulls executed trade data from major Bitcoin spot exchanges to generate a standardized settlement figure. While BlackRock and Fidelity already offer Bitcoin ETFs, neither is affiliated with a traditional US bank. Morgan Stanley’s entry fills that gap and marks the first time a bank-linked asset manager has brought a cryptocurrency product of this kind to market. LATEST: ???? Morgan Stanley launches its Bitcoin ETF on NYSE Arca today, becoming the first major US bank to offer a publicly traded spot Bitcoin fund. https://t.co/r3un2WaSGs pic.twitter.com/lRV9IOsgEO — CoinMarketCap (@CoinMarketCap) April 8, 2026 Eric Balchunas of Bloomberg called it a dramatic shift for the industry. Just a few years ago, he said, such a move from Morgan Stanley would have been unthinkable. Fees Set Below The Competition Morgan Stanley priced MSBT at a 0.14% sponsor fee — a hair below Grayscale Investments, which charges around 0.15% for a comparable product. It’s a small difference on paper, but in a market where cost comparisons drive investor decisions, even a single basis point can tip the scales. The firm says that makes MSBT the lowest-cost Bitcoin ETP currently available among comparable offerings. BNY and Coinbase were tapped to handle custody of the fund’s digital assets. BNY also takes on the administrator and transfer agent roles, covering accounting, record-keeping, and cash management. The combination of a legacy banking giant and a major crypto exchange signals a deliberate effort to meet institutional standards from the start. Related Reading: XRP Faces No Immediate Quantum Threat As Only 0.03% Supply Seen At Risk: Analyst Launch Comes Amid Fresh Outflows Across Bitcoin Funds The timing is not without friction. Bitcoin ETF products recorded their first week of net outflows just before MSBT went live, with close to $160 million pulled from these funds. Fidelity and Grayscale saw nearly $48 million and $42 million in withdrawals each. Despite the headwind, Morgan Stanley is pressing ahead. MSBT joins an ETF platform the firm launched in 2023, which now manages over $12 billion across 19 products. Adding a Bitcoin fund extends that lineup beyond traditional asset classes for the first time. Whether retail investors — guided by those thousands of financial advisors — will move in behind it remains the open question. Featured image from Unsplash, chart from TradingView
Bitmine uplists to the NYSE, expands its share buyback, and continues building one of the largest ETH treasuries.
Round-the-clock markets promise freedom for investors and pressure for intermediaries who traditionally wielded immense power during off-hours
The bitcoin miner issued a $10 million convertible note and closed a $65 million insider-led round while racing to regain compliance with exchange rules.
The parent company of the New York Stock Exchange is cementing its bet on the future of prediction markets, bringing its total commitment to nearly $2 billion.
The exchange's chief of product development, Jon Herrick, said blockchain technology will be layered into current systems rather than replace them.
Ripple is being viewed as a key player in the evolving push toward tokenized financial markets, as the New York Stock Exchange advances its plans to bring traditional assets onto blockchain rails. This development signals a broader shift on Wall Street, where traditional infrastructure is beginning to intersect with blockchain-driven innovation, settlement layer, and transition from legacy systems to faster and more transparent digital infrastructure. How Ripple Is Positioned At The Core Of Financial Transformation Wall Street has just surrendered to Ripple, as the New York Stock Exchange (NYSE) takes a decisive step to launch the tokenized securities era. Crypto analyst Pumpius has revealed on X that the exchange overseeing $30 trillion in market capitalization has entered into a Memorandum of Understanding with Securitize. Related Reading: Ripple Pushes XRP Global With Multi-Continent Expansion Drive They named it the first official transfer agent allowed to mint blockchain native securities on its upcoming NYSE digital trading platform. However, this infrastructure is being built for all activity to move on-chain. The shift will be bullish for XRP and Ripple because, for years, the firm has long focused on tokenizing real-world assets and building institutional-grade blockchain rails. Within that framework, XRP was built as the neutral bridge asset for value transfer in a tokenized world, facilitating fast, low-cost, and regulatory-friendly transactions that are already battle-tested by banks. While narrative was speculating, Ripple was positioning XRP as the liquidity engine that allows tokenized securities to move across borders and chains without friction. Furthermore, Pumpius argues that adding the NYSE and Securitize will result in the expansion of tokenized equities. Meanwhile, major players such as BlackRock, JPMorgan, and SWIFT continue to explore tokenization and blockchain settlement, and the entire $100 trillion real-world assets market needs a global settlement layer. Here, XRP sits between this shift with On-Demand Liquidity (ODL), RLUSD, and partnerships that have reached the world’s biggest financial institutions. Pumpius emphasized that XRP might be the bridge they will use when the first tokenized Apple or BlackRock ETF settles on-chain and needs instant global rails. Ripple Custody Bridges Traditional Finance And Blockchain The February 2026 report reveals how institutions are actively leveraging Ripple Custody. An analyst known as SMQKE on X noted that Ripple Custody supported DZ Bank in launching a digital custody service for crypto securities in under 10 months, through the deployment of a robust digital asset infrastructure. Related Reading: Ripple’s New Whitepaper Shows What’s Coming For XRP Meanwhile, at the core of these solutions are XRP and Ripple’s stablecoin RLUSD. With these capabilities, financial institutions across over 20 jurisdictions have been able to develop, expand, and scale digital asset business models with confidence. Meanwhile, Ripple Custody is now used across these jurisdictions, and XRP and RLUSD are allowed to support the entire lifecycle of a tokenized asset. Featured image from Freepik, chart from Tradingview.com
The NYSE, part of Intercontinental Exchange, has partnered with Securitize to develop its 24/7 tokenized securities platform.
Prediction market outcomes are being used as inputs for how players deal with traditional financial markets, NYSE President Lynn Martin said at Mar-a-Lago on Wednesday.
The exchange is expected to launch 24/7 trading of tokenized assets later this year.
Ledger is working with Goldman Sachs, Jefferies and Barclays to list in New York, potentially tripling its last valuation, the Financial Times reported.
The French hardware wallet maker has engaged investment banks to explore a US initial public offering, the Financial Times reported.
The crypto custodian priced its initial public offering at $18 per share late Wednesday.
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced plans on Jan. 19 to develop a new trading platform for tokenized US-listed equities and exchange-traded funds. While the headline features include stablecoin-based funding and blockchain integration, the initiative represents a deeper structural bet on the future of market infrastructure where settlement […]
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The Intercontinental Exchange-owned operator is seeking SEC approval for a new venue that promises instant settlement and stablecoin funding to meet the growing global demand for "around-the-clock" markets.
The firm offers public equity exposure to bitcoin, focusing on "capital-efficient bitcoin accumulation" and Bitcoin ecosystem services.
Grayscale Investments kicked off trading of a new Solana-focused ETF on Wednesday, adding a staking feature that passes network rewards to investors. Related Reading: Avalanche Expands In Asia — Japan’s Biggest Card Processor Joins The Network The fund, now listed on NYSE Arca as the Grayscale Solana Trust ETF (GSOL), was converted from a closed-end vehicle that first launched in 2021. From Closed-End Trust To ETF According to Grayscale, the move makes the firm one of the largest Solana exchange-traded product managers in the US by assets under management. The converted ETF lets ordinary brokerage accounts hold SOL exposure while receiving staking rewards tied to the network. Inkoo Kang, Grayscale’s Senior Vice President of ETFs, said the launch shows the firm’s belief that digital assets should sit alongside stocks and bonds in modern portfolios. Introducing Grayscale Solana Trust ETF (Ticker: $GSOL), offering investors exposure to @Solana $SOL, one of the fastest-growing digital assets. $GSOL features: ⚡ Convenient Solana exposure paired with staking benefits. ???? Exposure to a high-speed, low-cost blockchain.… pic.twitter.com/TgVNlhqBPO — Grayscale (@Grayscale) October 29, 2025 Competition Increased This Week Based on reports, Grayscale is not alone. Bitwise rolled out its own Solana ETF on the New York Stock Exchange one day earlier. Canary also listed Litecoin and HBAR ETFs on Nasdaq on Tuesday. Those moves came amid strong interest from asset managers to offer regulated crypto funds that give investors straightforward access to tokens without direct custody. ????JUST IN: $GSOL, the first Grayscale Solana Trust ETF with staking, goes live on @NYSE Arca, offering U.S. investors spot @Solana exposure and staking rewards under newly approved SEC listing standards. pic.twitter.com/eTzVP9Kb1X — SolanaFloor (@SolanaFloor) October 29, 2025 Regulatory Timing And Guidance These ETF launches happened while the US government was partially shut down and some SEC staff were furloughed. Kristin Smith, president of the Solana Policy Institute, said staking-enabled funds offer more than simple price exposure; participants can help secure the network, support developer work, and earn rewards. The Securities and Exchange Commission issued guidance permitting firms to file S-1 registration statements without a delaying amendment, which lets certain funds take effect automatically within 20 days of filing. The SEC had also approved updated listing standards for commodity-based trust shares shortly before the staffing disruption, a step that helped speed up approvals for dozens of pending crypto ETF applications. What This Means For Solana Holders Solana has consistently cemented its status among the powerhouse tokens in terms of market valuation, taking the sixth spot, according to CoinMarketCap. Related Reading: Dogecoin Ignites — 60% Volume Boom Teases Potential Rally Based on reports, the new listings did not include full details on fee levels, which validators will be used for staking, or how staking rewards will be split after expenses. Those operational questions matter to investors weighing net returns and counterparty risk. Trading on NYSE Arca does mean easier access through brokerages, but the finer points of how staking is run will shape how attractive GSOL becomes versus other Solana products. Featured image from Gemini, chart from TradingView
Polymarket CEO Shayne Coplan said the prediction market closed $55M at a $350M valuation and $150M at a $1.2B valuation in previously undisclosed rounds.
ICE is in advanced talks to invest $2 billion in Polymarket, potentially valuing the platform between $8 billion and $10 billion, according to WSJ.
The company's shares will trade under the ticker "CRCL."
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is exploring the integration of Circle’s stablecoin products—USD Coin (USDC) and US Yield Coin (USYC)—across its financial infrastructure. According to a March 27 announcement, the initiative will examine how these stablecoins could be integrated across ICE’s exchanges, clearing operations, and market data […]
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The trading platform is seeking a $5 billion valuation and could list as soon as the second quarter, the Financial Times said
The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
MIAX joins Nasdaq and NYSE in listing options on Bitcoin ETFs. Cboe will start in December.
After the 2024 US election, Bitwise and other asset managers seem to have been testing the regulatory waters for previously unapproved spot cryptocurrency ETFs.
As a result of the reverse share splits, the Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF are set to see 5x and 10x price increases, respectively.
They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.
The proposed ETF holds a diverse basket of crypto assets, including altcoins. It may face competition.
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.