Goldman Sachs CEO said he now personally owns Bitcoin, reversing his earlier stance in which he dismissed the cryptocurrency.

Morgan Stanley said it will charge a 0.14% management fee on its planned $MSBT Bitcoin ETF, pricing below every existing U.S. spot Bitcoin ETF. The lowest fee among current $BTC ETFs is Grayscale's 0.15%. The move raises the prospect that Morgan Stanley could attract inflows at the expense of rival products.

Morgan Stanley has disclosed a 0.14% expense ratio for its proposed spot bitcoin ETF, MSBT. The fee would undercut Grayscale's Mini Trust by 1 basis point and BlackRock's iShares Bitcoin Trust (IBIT) by 11 basis points, making it the cheapest spot bitcoin ETF on the market if approved. The product would also mark a first: a spot bitcoin ETF issued directly by a major U.S. bank. Bloomberg analysts expect a potential launch in early April. Strategically, the pricing may be aimed as much at Morgan Stanley's own distribution as at the broader market. The firm's roughly 16,000 financial advisors oversee about $9 trillion in client assets, yet an estimated 80% of crypto ETF trading on its platform is currently self-directed. A low-cost, in-house ETF could reduce the fee-related hurdle that has limited advisors' willingness to recommend bitcoin allocations to clients.

Bhutan has sold about $120 million in Bitcoin so far this year, according to reports. The country's Bitcoin holdings are now roughly 60% below peak levels. Blockchain analytics firm Arkham said 123.7 BTC was transferred on March 27. A few days earlier, 519.7 BTC was moved in a larger sale. Authorities have been using OTC desks to reduce market impact.

Morgan Stanley has set the fee for its spot bitcoin ETF at 0.14%, making it the cheapest option currently available and undercutting all competing products.

CoinShares says conditions in the Bitcoin mining sector are tightening. The firm estimates 15–20% of miners are operating unprofitably, pressured by a post-halving decline in hashprice to about $28 PH/s/day in February 2026.

Bitcoin slid to around $65,000 over the past week, posting a net decline of 6.74%. The pullback adds to a choppy March: repeated breakout attempts have been met with equal or larger retracements, leaving the cryptocurrency down 4.4% month to date. On March 27, on-chain analytics outlet Easy On Chain highlighted a pattern of accumulation by "smart money"—institutions and ultra-high-net-worth whales—even as prices weakened through March 2026. Data showed the month opened with a TradFiled surge, with large investors building Bitcoin exposure and pushing the Fund Market Premium to 2.72 as of March 11. That demand eased after Bitcoin hit a local peak of $76,007 on March 17, followed by signs of distribution: the Exchange Whale Ratio rose to 0.835 and the Stablecoin Supply Ratio (SSR) reached 10.95, pointing to stretched buying capacity. As Bitcoin corrected toward $65,000, the Net Unrealized Profit/Loss (NUPL) for short-term holders (STH) turned negative, a move the analysts said likely contributed to panic selling. Easy On Chain noted early indications of renewed accumulation by long-term holders starting March 22. Coins Days Destroyed (CDD) jumped to 27.1 million, suggesting movement of older coins, while exchange-inflows CDD held broadly steady at 48,909. The analysts also pointed to $2.27 billion in ERC20 USDT moving off exchanges, interpreting it as whales and institutions buying Bitcoin via OTC channels rather than through public exchange order books. Miner behavior has also shifted in a way that supports the accumulation narrative. Easy On Chain said miner selling has cooled, with total holdings at 1,805,235 as of March 27. With profit margins estimated at 71.4% at current prices, the analysts said miners appear less exposed to forced selling. Bitcoin was last trading at $66,003, down 4.23% over the past day. Easy On Chain identified $63,200 as a key "life line" level, corresponding to the realized price for 1.5- to 2-year holders. For a sustained bullish reversal, the analysts said US spot demand needs to recover, with Coinbase and Fund Premiums turning positive.

Why GameStop deployed $315 million of Bitcoin in a covered call options strategy.