Bitcoin Approaches $74,000 as ETF Inflows and Morgan Stanley Filing Boost Crypto Market
Bitcoin rose toward $74,000, with spot Bitcoin ETF inflows and a shift from defensive positioning to higher risk appetite fueling gains in major cryptocurrencies and crypto-related stocks, ChainThink reports. Morgan Stanley has filed regulatory documents naming Coinbase and BNY Mellon as it advances plans for a Bitcoin ETF, while the SEC's work on an interpretive framework for digital assets has eased regulatory uncertainty and supported higher valuations for compliant platforms. Coinbase shares jumped more than 15% intraday alongside gains in MicroStrategy, Robinhood, Bitcoin-linked ETFs and mining stocks, reflecting renewed interest in crypto beta assets. ChainThink also notes the COIN50 index is rebounding after a February pullback, a16z Crypto is targeting about $2 billion for a new fund, Akash Network's AKT token has advanced on major U.S. listings, and market participants view Trump policy expectations and institutional adoption as potential catalysts for further upside.