Crypto
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Morgan Stanley’s Bitcoin ETF began trading. An analyst put it in the top 1% of ETF launches
A slew of Bitcoin ETFs have hit the market since the products were first approved in the U.S. in 2024, but so far one sector has remained on the sidelines—major U.S. banks. That changed Wednesday with the launch of MSBT, a Bitcoin ETF offered by Morgan Stanley. The spot ETF, which features an industry low
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Jamie Dimon warns of growing crypto competition in annual letter: ‘We need to roll out our own blockchain technology’
JPMorgan CEO Jamie Dimon has long been among the crypto sector’s most notable skeptics. Dimon vowed in 2017 to fire any JPMorgan trader who traded bitcoin and has called the oldest cryptocurrency a “fraud” and a “pet rock.” More recently, though, Dimon has become more open to the technology and, this week, he acknowledged that
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Bitcoin slides with risk assets as Trump’s Iran ultimatum looms
Bitcoin slipped as cryptocurrencies were swept up in broader market volatility after a series of attacks on Iran’s infrastructure as President Donald Trump’s key ceasefire deadline approaches. The largest cryptocurrency fell as much as 2.5% before paring some losses in New York trading. The decline erased gains from the previous day, when Bitcoin briefly topped
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Exclusive: Crypto hedge fund Split Capital winds down as its founder nabs new gig as an exec at stablecoin startup Plasma
In January 2024, as crypto prices were soaring, Zaheer Ebtikar unveiled a new digital assets hedge fund called Split Capital. Two years later, he’s winding that firm down as he pivots to one of the buzziest sectors in crypto: stablecoins, or cryptocurrencies pegged to real-world assets like the U.S. dollar. On Tuesday, the former hedge