Morgan Stanley is advancing its digital asset strategy, revealing "MSBT" as the ticker for its proposed spot Bitcoin ETF. In a recent SEC filing, the bank disclosed a $1 million seed investment for initial liquidity, with BNY Mellon and Coinbase tapped to support the fund's operations.
The company funded the purchase partially through the issuance of STRC, its variable-rate preferred stock, though the majority of capital came from selling common shares.
The data suggests that stablecoins are evolving into practical financial tools rather than speculative assets. Respondents reported using stablecoins to get paid, make purchases, and transfer money internationally, particularly in cases where traditional financial systems are perceived as slow, costly, or unreliable.
According to data released by Mumbai-based exchange CoinDCX, Indian investors are actively buying the dip, effectively ignoring the panic that has gripped the Western markets.
Crypto investors in India hoped the 2026 Union Budget would offer a lifeline. Instead, the government tightened the screws. The Finance Ministry has maintained the controversial 30% flat tax on
