Morgan Stanley has launched MSBT, a spot Bitcoin ETF that the source describes as the first of its kind from a major US bank. The product gives 16,000 financial advisors access to Bitcoin exposure linked to $6.2 trillion in client assets. It listed on the New York Stock Exchange with a 0.14% fee.
Bitcoin touched $72,738 as liquidations swept through the market
According to the source material, Bitcoin climbed to $72,738 on April 8, the same day MSBT launched. The article also tied the move to a ceasefire involving Iran, saying that roughly $420 million in short positions were wiped out. Across crypto futures markets, total liquidations reached $600 million, clearing out bearish bets and adding momentum to the move.
Ether rose 7.4% to $2,273, while XRP added 4.5% to $1.37. The report also cited Standard Chartered’s projection that Ether could reach $7,500 by 2026. Those figures formed the basis for the article’s bullish take on large-cap crypto assets.
Pepeto presale reached $8.84 million
Beyond Bitcoin, Ether and XRP, the source devoted substantial attention to Pepeto. It said the token’s presale has raised $8.84 million, with each funding round closing faster than the one before. The article listed a current presale price of $0.0000001863 and a 186% APY staking program compounded daily.
The project was presented as offering cross-chain transfers, zero-cost swaps and exchange tools across Ethereum, BNB Chain and Solana. The piece also said Pepeto’s contracts were checked by SolidProof and claimed the project was built by a Pepe co-founder working with a former Binance executive. Claims about a coming Binance listing and potential 100x returns were framed in promotional language in the source and were not backed by independent verification in the article.
The broader angle was distribution through traditional finance
The main thread running through the piece was that access through a major bank could widen the market for spot Bitcoin exposure. It linked the gains in Bitcoin, Ether and XRP to advisor distribution, low ETF fees and a wave of short liquidations. Pepeto, by contrast, was positioned in the source as a presale bet with much higher risk and much higher claimed upside.