Institutional adoption of Bitcoin is set to expand as Morgan Stanley Investment Management has filed its final amendment with the SEC for a spot Bitcoin ETF. According to Bloomberg analyst James Seyffart, the launch of the fund, to be listed on NYSE Arca under the ticker $MSBT, is expected within days. The filing details that BNY Mellon will serve as administrator and Coinbase Custody will hold the Bitcoin assets. This move adds a major wealth manager to a market that saw $1.32 billion in net inflows in March, ending a four-month outflow streak.
Concurrently, the broader market faces pressure. Bitcoin ETFs recorded $171 million in single-day outflows as institutions hedged weekend risks, contributing to Bitcoin's price dropping below $70,000. Despite this, March's net inflows remain positive at $1.36 billion, indicating a tactical repositioning rather than a full-scale exit. Bitcoin currently trades around $67,398, facing resistance near $72,600.
In the altcoin space, SUI is consolidating near $0.86, testing a key resistance zone at $1.05. The token is down 82% from its all-time high of $5.35. Analysts from CoinPedia project a long-term bull case targeting $3 to $5 by year-end 2026, contingent on a broader market recovery and a break above the $3.50 level. The network's Total Value Locked (TVL) stands at $583 million.
The news also highlights the presale of Pepeto (PEPETO), an Ethereum-based exchange token that has raised over $8.68 million. The project, which claims to have a Pepe co-founder and a former Binance executive involved, has been audited by SolidProof and is now listed on CoinMarketCap. Its core offering is a working exchange platform named PepetoSwap, featuring zero-fee swaps, a cross-chain bridge, and a token discovery engine. The presale price is $0.0000001862, with a total supply of 420 trillion tokens. Staking offers an APY of 188%. The project's team confirms a Binance listing is imminent, with analysts cited in the reports projecting potential returns of 150x to 300x post-listing.
