Bitcoin
BTC
$66589.07
is trading at $66,799.92, showing a daily increase of 0.69%. The asset remains below its SMA-20 ($70,290.43), SMA-50 ($68,873.09) and SMA-200 ($91,325.78), confirming the ongoing downward pressure across all major timeframes.
Morgan Stanley plans to launch a spot Bitcoin ETF with a fee of 0.14%, which will be the first such product from a major U.S. bank.
Approval will allow Morgan Stanley to access its client base of $6.2 trillion and network of advisors, potentially increasing institutional access to Bitcoin amid recent outflows from ETFs.
Bitcoin remains under pressure, technical signals indicate a bearish sentiment, and trading is expected to predominantly range from $63,700 to $68,200.$BTC
BTC
66,381.49
-0.59%