Core Insights - Morgan Stanley has sold $104 million in structured notes linked to BlackRock's iShares Bitcoin Trust (IBIT), which is a spot Bitcoin ETF allowing traditional market exposure to Bitcoin [1][2] - This initiative represents a significant effort by Wall Street to provide controlled Bitcoin exposure to wealthy clients [2] Product Details - The structured note, known as dual directional autocallable trigger plus, offers enhanced payouts if IBIT remains flat or increases, with limited gains if the ETF declines by less than 25%. Full losses are incurred if the ETF drops below this threshold [3][4] - The note features an autocall function: if IBIT closes at or above its initial level after one year, investors receive principal plus approximately 28%. If IBIT is below its starting level but above 75%, the note continues to maturity with potential gains up to 25%. A breach below the 75% level results in full exposure to losses [4] Market Context - IBIT, launched in early 2024, quickly became the largest Bitcoin ETF in the US, attracting tens of billions in assets as it offers a simpler access route to Bitcoin without the complexities of private keys or crypto-native platforms [5][6] - The ETF trades like a standard equity security, providing intraday liquidity, clearer tax treatment, and a custodied structure suitable for large banks' risk models [6] Investor Sentiment - Structured products are increasingly viewed as a safer way for mainstream investors to engage with crypto volatility without assuming crypto-level risks, according to industry experts [7] - Bitcoin has seen a nearly 30% decline from its recent peak, with a seven-month low of $89,393 recorded on November 18, 2025 [7]

Nov 18 Update:10 #Bitcoin ETFsNetFlow: -2,473 $BTC(-$229.58M)🔴#BlackRock outflows 1,589 $BTC($147.51M) and currently holds 788,480 $BTC($73.21B).9 #Ethereum ETFsNetFlow: -67,310 $ETH(-$279M)🔴#BlackRock outflows 64,707 $ETH($200.92M) and currently holds 3,709,281 $ETH($11.52B).https://t.co/cGYmOU8574 ...

On Nov 17 (ET), U.S. spot Bitcoin ETFs saw a $255M net outflow, extending a four-day streak of redemptions; BlackRock's IBIT led with a $146M single-day outflow. Spot Ethereum ETFs recorded $183M in net outflows, while U.S. spot Solana ETFs posted an $8.26M net inflow. https://t.co/QHxqsa3V6q ...

Nov 17 Update:10 #Bitcoin ETFsNetFlow: -8,794 $BTC(-$838.49M)🔴#BlackRock outflows 4,880 $BTC($465.26M) and currently holds 790,069 $BTC($75.33B).9 #Ethereum ETFsNetFlow: -87,460 $ETH(-$279M)🔴#BlackRock outflows 54,730 $ETH($174.59M) and currently holds 3,773,989 $ETH($12.04B).https://t.co/rsa00pl7yj ...

The Ivy League has given Bitcoin exchange-traded funds another seal of approval, with Harvard University bolstering the size of its holdings by almost 260%. That’s according to disclosures in a Harvard Management Company filing with the United States Securities and Exchange Commission. The Harvard Management Company, launched in 1974, manages Harvard University’s endowment and other financial assets, making stock market investments on the university’s behalf. The filing shows that, as of its latest fili ...

Nov 14 Update:10 #Bitcoin ETFsNetFlow: -4,828 $BTC(-$460.46M)🔴#BlackRock outflows 2,610 $BTC($248.94M) and currently holds 794,948 $BTC($75.823B).9 #Ethereum ETFsNetFlow: -70,248 $ETH(-$220.72M)🔴#BlackRock outflows 43,240 $ETH($135.86M) and currently holds 3,828,719 $ETH($12.03B).https://t.co/v2rO20g1w3 ...

🔖 Our Bitcoin ETF Dashboard is entirely free to monitor any time. Just hit refresh and see how the latest days are unfolding by total flows, or compare individual ETF's. 👇https://t.co/rgXVfX5IWG ...

Nov 13 Update:10 #Bitcoin ETFsNetFlow: -2,300 $BTC(-$235.22M)🔴#Fidelity outflows 1,308 $BTC($133.69M) and currently holds 200,746 $BTC($20.53B).9 #Ethereum ETFsNetFlow: -54,389 $ETH(-$187.1M)🔴#BlackRock outflows 26,610 $ETH($91.54M) and currently holds 3,871,959 $ETH($13.32B).https://t.co/Rwjr4LHUh8 ...

Market Catalysts & Trends - The crypto market anticipates a significant catalyst, potentially larger than previous ones like the Genius Act and ETF approvals, which could substantially increase the Bitcoin price [1][2] - Google searches for crypto are at a bottom, indicating minimal retail interest, which historically suggests a potential buying opportunity [2][3] - Stablecoin market share continues to grow, with Ethereum dominance increasing from approximately 49-50% to 55% [10][11] Regulatory Landscape - The Clarity Act (market structure bill) is identified as a potential catalyst for the crypto industry, similar to the Genius Act's impact on stablecoins [16][17] - Prediction markets suggest a 33% chance of the Clarity Act being signed into law in 2025, a decrease from 37% due to a previous government shutdown [20] - The Genius Act had bipartisan support, indicating broad interest in crypto regulation [23] Company Performance & Stablecoin Adoption - Circle, the company behind USDC stablecoin, reported a 66% year-over-year revenue growth, reaching $740 million [6] - USDC usage on blockchains saw an enormous increase, reaching $96 trillion of volume in the quarter, up from $59 trillion in the prior quarter and over 600% year-over-year [6] - Stablecoins are viewed as a "Trojan horse" and an on-ramp for capital into blockchain products, with potential for trillions of dollars to flow into stablecoins [12][13]

JUST IN: 🇺🇸 Emory University increases its #Bitcoin ETF position by 91%.They now hold $51.8 million in Bitcoin ETF https://t.co/08f7gAQNrf ...