Morgan Stanley's Bitcoin ETF is the firm's most successful ever and should 5.6 million Bitcoin be frozen.

Morgan Stanley spot Bitcoin ETF just pulled in $100 million in its first week and making it the firm's most successful ETF launch ever.

The fund trades under the ticker MSBT and charges

a 14 basis point fee the cheapest in the category. Separately, Goldman Sachs filed for a Bitcoin

premium income ETF earlier this week. As one analyst put it, legacy Wall Street firms are

realizing they can't just stand past. Bitcoin developer Jameson Lopps says he'd rather see around 5.6 million Bitcoin

frozen by the network than let them fall to quantum hackers.

At current prices, those dormant tokens are worth roughly $420 billion.

Blockstream CEO Adam Back is pushing back, arguing optional upgrades and Bitcoin's track record

of rapid bug fixes make a forced freeze

unnecessary. And Bitcoin funding rates have hit their most negative levels since 2023,

a sign that is historically coincided with market bottoms. Despite bearish positioning,

Bitcoin has continued grinding higher from the mid-60,000 to around $75,000. Funding rates

were this negative during the COVID crash, the FTX collapse,

and the Silicon Valley Bank crisis. Get more updates on coindex.com.