Crypto Rally Sends Bitcoin to $73K, Morgan Stanley ETF Nets $34M
Bitcoin climbed from $66,000 to $73,000 while Ether traded near $2,250 after U.S. and Iran agreed to a two-week ceasefire. Morgan Stanley’s spot Bitcoin ETF attracted $34 million of inflows on debut and Strategy added $330 million of Bitcoin at an average $67,718.
1. Ceasefire Spurs Crypto Rally
U.S. and Iran’s announcement of a two-week ceasefire triggered a risk-on shift, sending Bitcoin from $66,000 to $73,000 and boosting Ether to around $2,250. Simultaneous crude oil prices plunged below $100 per barrel, further lifting digital asset demand.
2. Morgan Stanley Bitcoin ETF Draws Strong Debut Inflows
Morgan Stanley’s new spot Bitcoin ETF saw over 1.6 million shares traded and garnered $34 million in first-day inflows, supported by its 0.14% expense ratio—the lowest among its peers.
3. Strategy Resumes Major Bitcoin Purchases
Michael Saylor’s Strategy deployed $330 million to acquire Bitcoin at an average price of $67,718 per coin, bringing its holdings to 766,970 BTC valued at approximately $58 billion.