Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[WatChe]

After a long wait, March finally ended.

The only 1st April surprise is the surprise given by Theymos.

This ain't no suprise... every 1 April its something.

On every 1st April, their is something special by Theymos.

[BTCETFInvestor]

Guess who Morgan Stanley added as custodian for their spot Bitcoin (MSBT) ETF?  Fidelity - the investment firm that many of you poo-poo'ed, saying Fidelity couldn't be trusted!




Morgan Stanley's spot Bitcoin ETF, trading under the ticker MSBT, was approved by the New York Stock Exchange and is expected to begin trading on April 2, 2026.

It is great to actually see some Bitcoin treasury diversification. I was growing concerned that Coinbase would eventually control nearly all the BTC. It is nice to see there will be at least one other custodian out there. Congrats to Fidelity for providing options.

@OgNasty - This Morgan Stanley spot Bitcoin ETF is not only good in itself, but the launch of spot Bitcoin ETFs by major financial institutions like Morgan Stanley is widely expected to bolster the passage of the Digital Asset Market Clarity (CLARITY) Act in 2026. Institutional involvement helps validate Bitcoin as a legitimate asset class, pushing lawmakers toward providing a formal, clear framework for regulation. All this is exactly the springboard Bitcoin has needed...  

[philipma1957]

Just a reminder.

Moon launch in T - 6 hours.

https://www.space.com/
https://www.nasa.gov/

pretty good odds if you bet NASA lands on the moon in 2027

https://kalshi.com/markets/kxmoon/nasa-lands-on-the-moon/moon

you can also bet bot vs human for mars

https://kalshi.com/markets/kxrobotmars/humanoid-robot-on-mars/kxrobotmars-35


I like the bot for that one.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Dragosss]

Lets hope Trump finally manages to open the Strait of Hormuz, that will be great for BTC

[BTCETFInvestor]

Lets hope Trump finally manages to open the Strait of Hormuz, that will be great for BTC

About time that NATO countries find some courage instead of counting on Trump and the U.S. to do it all!!!

Some countries not allowing flights in their airspace or use of facilities was pathetic and might be the last straw for the U.S. to help some EU countries in the future...  

Seems the leaders of EU countries are weak-ass pussies!!!  Canada too!!!

[BTCETFInvestor]

Guess who Morgan Stanley added as custodian for their spot Bitcoin (MSBT) ETF?  Fidelity - the investment firm that many of you poo-poo'ed, saying Fidelity couldn't be trusted!


Morgan Stanley's spot Bitcoin ETF, trading under the ticker MSBT, was approved by the New York Stock Exchange and is expected to begin trading on April 2, 2026.

It is great to actually see some Bitcoin treasury diversification. I was growing concerned that Coinbase would eventually control nearly all the BTC. It is nice to see there will be at least one other custodian out there. Congrats to Fidelity for providing options.

@OgNasty - This Morgan Stanley spot Bitcoin ETF is not only good in itself, but the launch of spot Bitcoin ETFs by major financial institutions like Morgan Stanley is widely expected to bolster the passage of the Digital Asset Market Clarity (CLARITY) Act in 2026. Institutional involvement helps validate Bitcoin as a legitimate asset class, pushing lawmakers toward providing a formal, clear framework for regulation. All this is exactly the springboard Bitcoin has needed...  

The launch of Morgan Stanley’s spot Bitcoin ETF, MSBT, is widely viewed as a major structural shift for the market. By positioning itself as the most aggressive institutional player to date, the expected reaction centers on two main fronts: a "fee war" that forces competitor consolidation and a significant supply tightening driven by the firm's massive internal distribution network.

1. Price Impact: The "Monster Catalyst" Theory
The primary price expectation stems from the sheer scale of Morgan Stanley’s wealth management platform. Analysts have noted that MSBT is not just another ETF; it is a direct pipeline to "gatekeeper" capital.

Massive Potential Demand: With roughly $6.2 trillion in client assets and 16,000 advisors, even a modest 2% to 4% recommended allocation could translate into $120 billion to $160 billion in fresh demand.

Market Legitimacy: As the first spot Bitcoin ETF issued directly by a major U.S. bank (rather than an asset manager like BlackRock), it removes significant "career risk" for conservative institutional investors, potentially setting a higher price floor.

2. Supply Tightening: The 0.14% Fee Disruptor
The most immediate reaction is expected from MSBT’s ultra-low 0.14% management fee, which makes it the cheapest spot Bitcoin ETF in the U.S. market.

Liquidity Draw: By undercutting BlackRock’s IBIT (0.25%) and Grayscale’s Mini Trust (0.15%), Morgan Stanley is expected to trigger a "race to the bottom." This encourages investors to migrate assets into MSBT, centralizing more of the circulating Bitcoin supply within a single, low-friction institutional vehicle.

Reduced "Sell Pressure": Because MSBT is designed for long-term advisory portfolios rather than retail "flip" trading, the Bitcoin acquired by the trust is expected to stay off-exchange for longer durations, further tightening the available liquid supply. A tightening available supply results in a constantly growing higher price!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Guess who Morgan Stanley added as custodian for their spot Bitcoin (MSBT) ETF?  Fidelity - the investment firm that many of you poo-poo'ed, saying Fidelity couldn't be trusted!


Morgan Stanley's spot Bitcoin ETF, trading under the ticker MSBT, was approved by the New York Stock Exchange and is expected to begin trading on April 2, 2026.

It is great to actually see some Bitcoin treasury diversification. I was growing concerned that Coinbase would eventually control nearly all the BTC. It is nice to see there will be at least one other custodian out there. Congrats to Fidelity for providing options.

@OgNasty - This Morgan Stanley spot Bitcoin ETF is not only good in itself, but the launch of spot Bitcoin ETFs by major financial institutions like Morgan Stanley is widely expected to bolster the passage of the Digital Asset Market Clarity (CLARITY) Act in 2026. Institutional involvement helps validate Bitcoin as a legitimate asset class, pushing lawmakers toward providing a formal, clear framework for regulation. All this is exactly the springboard Bitcoin has needed...  

The launch of Morgan Stanley’s spot Bitcoin ETF, MSBT, is widely viewed as a major structural shift for the market. By positioning itself as the most aggressive institutional player to date, the expected reaction centers on two main fronts: a "fee war" that forces competitor consolidation and a significant supply tightening driven by the firm's massive internal distribution network.

1. Price Impact: The "Monster Catalyst" Theory
The primary price expectation stems from the sheer scale of Morgan Stanley’s wealth management platform. Analysts have noted that MSBT is not just another ETF; it is a direct pipeline to "gatekeeper" capital.

Massive Potential Demand: With roughly $6.2 trillion in client assets and 16,000 advisors, even a modest 2% to 4% recommended allocation could translate into $120 billion to $160 billion in fresh demand.

Market Legitimacy: As the first spot Bitcoin ETF issued directly by a major U.S. bank (rather than an asset manager like BlackRock), it removes significant "career risk" for conservative institutional investors, potentially setting a higher price floor.

2. Supply Tightening: The 0.14% Fee Disruptor
The most immediate reaction is expected from MSBT’s ultra-low 0.14% management fee, which makes it the cheapest spot Bitcoin ETF in the U.S. market.

Liquidity Draw: By undercutting BlackRock’s IBIT (0.25%) and Grayscale’s Mini Trust (0.15%), Morgan Stanley is expected to trigger a "race to the bottom." This encourages investors to migrate assets into MSBT, centralizing more of the circulating Bitcoin supply within a single, low-friction institutional vehicle.

Reduced "Sell Pressure": Because MSBT is designed for long-term advisory portfolios rather than retail "flip" trading, the Bitcoin acquired by the trust is expected to stay off-exchange for longer durations, further tightening the available liquid supply. That results in a higher price!  

When Moon!

I don't have all day!

Buy the news they said!

[nutildah]

About time that NATO countries find some courage instead of counting on Trump and the U.S. to do it all!!!

Some countries not allowing flights in their airspace or use of facilities was pathetic and might be the last straw for the U.S. to help some EU countries in the future...  

This is what actual Trump Derangement Syndrome looks like: the inability to concede that Trump could ever do wrong.

All he's actually done is accelerate the transfer of wealth from everybody to the uber rich, as if you didn't know that was a possibility, and that it wasn't happening fast enough already.

At this point it takes a special kind of retard to believe anything he has to say, about anything.

[philipma1957]

Still stacking and I was inspired to go for  a 0.01 btc purchase based on this news.

I have 0.24 on two exchanges

I have 1.40 in addresses that are mine.


I really want to get past 2 btc maybe a bit sooner than dec 31 2026.

Not much more to go.

Also constant 0.0011 a day dca via mining

[JayJuanGee]

[edited out]

Who all (along with scumbag JJG) said Fidelity couldn't be trusted as a custodian for Bitcoin to cover their spot BTC ETF?

Are we talking about actual bitcoin or a voucher for price exposure to bitcoin?  What are you holding?  One institution custodying with another institution might be able to get proof of reserves in regards to their custodian institution.  Perhaps?

Yet, are we speaking  on behalf of institutional due diligence here? or are we talking about the extent to which individuals are holding actual bitcoin?

This here scumbag is struggling to figure out the extent to which you even know what is real bitcoin and what kinds of concerns exist in regards to various forms of paper bitcoin proliferation, which may or may not even matter which of the custodian institutions might be less shitty than another custodian institution.  Maybe a more central question might concern the extent to which any of us might be able to spontaneously buy hookers, lambos and blow with our supposed Fidelity held (or is it Morgan Stanley originating?) paper bitcoin or other hoops that we might need to jump through to use it, even though I would imagine that there might be some abilities to reference some of these claims to bitcoin as collateral for other purposes.. Perhaps?

[xhomerx10]

[edited out]

Who all (along with scumbag JJG) said Fidelity couldn't be trusted as a custodian for Bitcoin to cover their spot BTC ETF?

Are we talking about actual bitcoin or a voucher for price exposure to bitcoin?  What are you holding?  One institution custodying with another institution might be able to get proof of reserves in regards to their custodian institution.  Perhaps?

Yet, are we speaking  on behalf of institutional due diligence here? or are we talking about the extent to which individuals are holding actual bitcoin?

This here scumbag is struggling to figure out the extent to which you even know what is real bitcoin and what kinds of concerns exist in regards to various forms of paper bitcoin proliferation, which may or may not even matter which of the custodian institutions might be less shitty than another custodian institution.  Maybe a more central question might concern the extent to which any of us might be able to spontaneously buy hookers, lambos and blow with our supposed Fidelity held (or is it Morgan Stanley originating?) paper bitcoin or other hoops that we might need to jump through to use it, even though I would imagine that there might be some abilities to reference some of these claims to bitcoin as collateral for other purposes.. Perhaps?

 Yeah, what could go wrong?  Fidelity uses an in-house, closed-source, proprietary custody model much like Mt. Gox did.  

[cAPSLOCK]

  The Month is over!

After a long wait, March finally ended.

The only 1st April surprise is the surprise given by Theymos.

I like your $ signs better than my dollar images

Dollar is getting stronger, so its better to have Dollar notes (images) then $ signs 

Unfortunately, yes. And unfortunately, for a lot of reasons, yes, the dollar is getting stronger.

[cAPSLOCK]

Guess who Morgan Stanley added as custodian for their spot Bitcoin (MSBT) ETF?  Fidelity - the investment firm that many of you poo-poo'ed, saying Fidelity couldn't be trusted!




Morgan Stanley's spot Bitcoin ETF, trading under the ticker MSBT, was approved by the New York Stock Exchange and is expected to begin trading on April 2, 2026.

It is great to actually see some Bitcoin treasury diversification. I was growing concerned that Coinbase would eventually control nearly all the BTC. It is nice to see there will be at least one other custodian out there. Congrats to Fidelity for providing options.

Yes, and as stupid as this sounds when I type it, I actually think I trust fidelity as a custodian more than I would going base.  The fidelity digital people are at least actual Bitcoiners on some level.

But I still feel it's kind of like choosing between Molok and Baal.

[cAPSLOCK]

[BTCETFInvestor]

[edited out]

Who all (along with scumbag JJG) said Fidelity couldn't be trusted as a custodian for Bitcoin to cover their spot BTC ETF?

Are we talking about actual bitcoin or a voucher for price exposure to bitcoin?  What are you holding?  One institution custodying with another institution might be able to get proof of reserves in regards to their custodian institution.  Perhaps?

Yet, are we speaking  on behalf of institutional due diligence here? or are we talking about the extent to which individuals are holding actual bitcoin?

This here scumbag is struggling to figure out the extent to which you even know what is real bitcoin and what kinds of concerns exist in regards to various forms of paper bitcoin proliferation, which may or may not even matter which of the custodian institutions might be less shitty than another custodian institution.  Maybe a more central question might concern the extent to which any of us might be able to spontaneously buy hookers, lambos and blow with our supposed Fidelity held (or is it Morgan Stanley originating?) paper bitcoin or other hoops that we might need to jump through to use it, even though I would imagine that there might be some abilities to reference some of these claims to bitcoin as collateral for other purposes.. Perhaps?

No one should even try to make sense of the stupid, foolishness you spew.

[Searing]

Alas...the sale of my btc hoard for beanie babies has not gone well in the past week.....
a
but they are so fluffy

April Fools!

https://www.youtube.com/watch?v=NB1qppAPxk4

[BTCETFInvestor]

@cAPSLOCK - Is life stressing you?

[JayJuanGee]

[edited out]

No one should even try to make sense of the stupid, foolishness you spew.

This is a thread about bitcoin. 

Do you know what it is? 

Have you ever held one?