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Crypto

NYSE Arca names XRP in crypto trust rule change, final call with U.S. SEC

NYSE Arca included XRP as an example of an eligible asset as it moved to revise listing standards for commodity-based crypto trusts. The proposal would require at least 85% of a trust’s net asset value to be held in crypto assets that already meet approved requirements, while allowing up to 15% in non-approved assets. The filing is under U.S. SEC review, which is gathering public comments before a final decision.

Crypto

Charles Schwab to launch spot bitcoin, ether trading for retail investors

U.S. brokerage Charles Schwab will begin spot trading in bitcoin and ether for U.S. retail customers within weeks, Cointelegraph reported. The service will use a dedicated crypto account linked to Schwab’s brokerage platform, with custody handled by a subsidiary and trade execution processed through a partnership with federally regulated trust company Paxos. The rollout will be phased and initially excludes New York and Louisiana residents. Fees are set at 0.75 percent per trade.

Crypto

Morgan Stanley bitcoin spot ETF listing nears; 5 indicators in focus

Morgan Stanley is entering the market by launching its own bitcoin spot ETF, with investors watching whether low fees and its advisory network reshape competition. The Morgan Stanley Bitcoin Trust (MSBT) is to list on NYSE Arca, with trading set to start on April 8 Korea time. Markets are focusing on five early indicators: trading volume, price versus net asset value, fee competitiveness, advisers’ initial portfolio allocation, and first-day net inflows.