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Sign InMorgan Stanley is moving forward with plans to list its Bitcoin spot ETF (MSBT) on NYSE Arca, potentially becoming the first major U.S. commercial bank to launch its own product. This expansion comes at a volatile time for the crypto market, as industry leader BlackRock reported over $20 billion in outflows from its cryptocurrency portfolio during the first quarter of 2026. The decline in BlackRock's portfolio value is attributed to falling asset prices and persistent exits from Ethereum (ETH) positions, despite continued Bitcoin (BTC) accumulation. Meanwhile, Bitcoin's price remains under pressure below the $70,000 resistance level due to miner selling and geopolitical risks. Analysts suggest that Morgan Stanley’s entry reinforces the long-term institutional commitment to the BTC/USD pair despite recent headwinds faced by BlackRock. This divergence in institutional activity highlights a significant shift in how major managers are balancing their digital asset exposure.