Layer-1 Platform Radix Cuts Workforce by 15%
Radix, a prominent Layer-1 platform, has implemented a 15% reduction in its workforce. The move aims to streamline operations and enhance efficiency.
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Bitcoin ETF Blitz: 15,000 Morgan Stanley Advisors Start Tomorrow
Bitcoin ETF Blitz: 15,000 Morgan Stanley Advisors Start Tomorrow
Morgan Stanley’s 15,000 financial advisors will begin offering access to three Bitcoin ETFs starting tomorrow, a major move that could bring the cryptocurrency to a wider range of investors. The move comes as Bitcoin has been gaining traction as a potential investment asset, with large institutions such as Tesla and Microstrategy adding it to their balance sheets and several countries considering regulating it. The three ETFs that Morgan Stanley will offer are the ProShares Bitcoin Strategy ETF (BITO), the Valkyrie Bitcoin Strategy ETF (BTF), and the VanEck Bitcoin Strategy ETF (XBTF). All three ETFs track the spot price of Bitcoin and are listed on the New York Stock Exchange.
Bitcoin Volatility Returns With 15% Drop
The world’s largest digital currency by market capitalization, Bitcoin, has seen its volatility return with a 15% drop in price since its all-time high of nearly $64,000 in April. Analysts see this as a sign of the market readjusting and not an indication of long-term instability.