Morgan Stanley Launches MSNXX Mutual Fund to Manage Stablecoin Treasury
Morgan Stanley is launching a new mutual fund, MSNXX, to act as the centralized treasury manager for stablecoin issuers, offering high liquidity and cash reserves for redemptions and token creation. Separately, Bitcoin ETFs attracted $1.9 billion in institutional inflows, signaling robust demand despite DeFi security concerns.
1. Morgan Stanley Launches MSNXX Fund
Morgan Stanley has introduced MSNXX, a mutual fund designed as an all-in-one treasury manager for stablecoin issuers. The fund pools issuer reserves, holds high-liquidity assets for redemptions and new token creation, and offers a streamlined alternative to fragmented custody arrangements.
2. Bitcoin ETF Inflows Surpass $1.9 Billion
Institutional investors poured $1.9 billion into spot Bitcoin ETFs, marking one of the largest weekly inflows this year. The surge underscores growing institutional appetite for regulated crypto exposure despite recent DeFi hacks and concerns over protocol security.