# Сопутствующие статьи по теме Wall Street

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Wall Street", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Morgan Stanley's First Bitcoin ETF One-Week Review: Defying the Trend to Attract Capital, a Signal of Institutional Accumulation

Morgan Stanley launched its first spot Bitcoin ETF, the Morgan Stanley Bitcoin Trust (MSBT), on April 8, becoming the first major U.S. bank to issue such a product. With a competitive 0.14% annual fee—the lowest among U.S. Bitcoin ETFs—and backing from Coinbase and BNY Mellon, MSBT attracted $30.6 million in net inflows on its first day, defying a broader market outflow of $93.9 million. It continued to see positive inflows in subsequent days, even as other major funds experienced significant withdrawals. Amid a 44% Bitcoin price correction from its 2025 peak and four consecutive months of net outflows across Bitcoin ETFs, MSBT’s steady inflows suggest institutional accumulation at lower price levels. The fund, which now holds around 960 BTC, is positioned to capture long-term institutional interest, supported by Morgan Stanley’s wealth advisors who recommend up to 4% Bitcoin allocation for high-net-worth clients. Shortly after MSBT’s debut, Goldman Sachs filed for its own Bitcoin ETF—a covered call strategy product aimed at generating steady income while maintaining Bitcoin exposure. This move, along with MSBT’s successful launch, signals growing institutional engagement despite bearish market sentiment. Analysts project MSBT could reach $5 billion in AUM within a year, highlighting its role as a key indicator of Wall Street’s evolving stance on Bitcoin.

marsbit04/16 09:01

Morgan Stanley's First Bitcoin ETF One-Week Review: Defying the Trend to Attract Capital, a Signal of Institutional Accumulation

marsbit04/16 09:01

Morgan Stanley's First Bitcoin ETF One-Week Review: Defying the Trend to Attract Capital, a Signal of Institutional Accumulation

Morgan Stanley launched its first spot Bitcoin ETF, the Morgan Stanley Bitcoin Trust (MSBT), on April 8, becoming the first major U.S. bank to issue such a product. With the lowest annual fee among U.S. Bitcoin ETFs at 0.14%, it is custodied by Coinbase and administered by BNY Mellon. In its first week, MSBT saw consistent inflows despite overall market outflows. On its debut, it attracted $30.6 million while the broader Bitcoin ETF market bled $93.9 million. It continued to see inflows in subsequent days, even as major ETFs like Fidelity’s FBTC experienced significant outflows. By the end of the week, MSBT had accumulated $37.5 million in net inflows, with assets under management (AUM) around $64–70 million, holding roughly 960 BTC. The launch timing—amid a 44% Bitcoin price correction from its 2025 high—suggests institutional accumulation at lower levels. Morgan Stanley’s wealth advisors are reportedly recommending up to a 4% Bitcoin allocation to high-net-worth clients, signaling potential sustained inflows from its $7 trillion client assets. Shortly after, Goldman Sachs filed for its own Bitcoin ETF—a covered call strategy product aimed at generating income from option premiums, catering to yield-seeking institutional investors. Analysts see MSBT’s steady inflows as a sign of institutional confidence despite bearish sentiment, making it a key indicator of Wall Street’s growing engagement with Bitcoin.

Odaily星球日报04/16 08:56

Morgan Stanley's First Bitcoin ETF One-Week Review: Defying the Trend to Attract Capital, a Signal of Institutional Accumulation

Odaily星球日报04/16 08:56

What Kind of DeFi Does Wall Street Want?

Wall Street's vision for DeFi has shifted from simple asset tokenization to building a programmable, restructurable fixed-income infrastructure that enables yield financialization. The key driver is no longer retail speculation but institutional capital and Real-World Assets (RWA), with DeFi TVL surging from ~$115B to over $237B in 2025, while active wallets declined—indicating large, infrequent institutional inflows. RWA, now valued at $27.5B (up 2.4x YoY), is used as collateral in protocols like Aave Horizon, Maple Finance, and Centrifuge, creating an on-chain repo and rehypothecation flywheel. These structures function like institutional money-market funds, offering 4–6% yields from tokenized treasuries and stablecoin pools. Crucially, institutions are moving beyond holding assets to actively managing yield and risk. Protocols like Pendle Finance allow yield tokenization—splitting assets into Principal Tokens (PT) and Yield Tokens (YT)—enabling fixed-rate exposure, speculation, and on-chain interest rate hedging using mechanisms like yield AMMs. However, major barriers remain: public blockchain transparency exposes positions and liquidation levels, creating adversarial risks, and compliance (KYC, sanctions screening, audit trails) must be natively embedded into protocols—not added externally. Zero-knowledge proofs could offer a solution by enabling regulatory verification without leaking sensitive data. In summary, Wall Street wants a DeFi that integrates with global compliance infrastructure, replicates traditional fixed-income modularity for risk and return, and embeds programmable privacy and regulation—not to replace traditional finance, but to create a parallel system for more flexible capital and risk restructuring.

marsbit04/02 10:31

What Kind of DeFi Does Wall Street Want?

marsbit04/02 10:31

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