emergencyBreaking NewsAI Impersonation Scams Cost Consumers $12.5 BillionA new liquidity layer bypasses Asia’s fragmented banking system to enable instant USDT settlementsBlackRock shifts to private markets as ETF fees compressA $3.8 billion loss driven by unrealized crypto declines reveals the volatility baked into asset-backed equityGoldman Sachs Earnings Beat Signals Shift Toward Defensive Market SentimentAI Impersonation Scams Cost Consumers $12.5 BillionA new liquidity layer bypasses Asia’s fragmented banking system to enable instant USDT settlementsBlackRock shifts to private markets as ETF fees compressA $3.8 billion loss driven by unrealized crypto declines reveals the volatility baked into asset-backed equityGoldman Sachs Earnings Beat Signals Shift Toward Defensive Market Sentiment
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Home/Markets & Investing/BITCOIN ETF · CRYPTO IRS RULING

Morgan Stanley Bitcoin ETF Outpaces WisdomTree in Six Days

TA

Talia Ashworth

Bitcoin ETF · Apr 17, 2026

Morgan Stanley Bitcoin ETF Outpaces WisdomTree in Six Days

Source: DojiDoji Data Terminal

The Morgan Stanley Bitcoin Trust (MSBT) has surpassed the WisdomTree Bitcoin Fund in total net inflows after six trading sessions. The fund accumulated $103 million in net inflows, overtaking the WisdomTree fund's $86 million lifetime total since its January 2024 launch.

Related Brief1d ago
fraud prevention

A 31% surge in first-party fraud is shifting risk to lenders — and younger borrowers are driving the trend

Consumers aged 35 and under account for the largest share of fraud-related credit loss in auto delinquency balances. This shift is not isolated — a 31% year-over-year rise in first-party fraud across Canada has lenders recalibrating risk models, especially as younger applicants increasingly misrepresent their financial reality to secure credit. First-party fraud, where individuals use their real identity but falsify income, employment, or debt data, nearly doubled in credit card applications, jumping from 0.08% to 0.15% between Q4 2024 and Q4 2025. The most common tactic: submitting contradictory or mismatched financial information, which now accounts for 77% of such cases, up from 59%. Ontario bore the brunt, with fraud-linked credit losses in the card sector hitting $123 million. Banking and deposits saw a parallel shift. While third-party fraud attempts fell from 0.45% to 0.32%, first-party fraud climbed from 0.51% to 0.68%. Falsified financial information surged within that category, leaping from 1.5% to 21% of cases. Account abuse also rose, from 14% to 24%. Auto and mortgage fraud rates declined overall, but delinquent portfolios still carry significant hidden losses — particularly among applicants aged 26 to 45 in mortgages and those 35 and under in auto lending. The trend reflects a broader change in consumer behavior, not just criminal opportunism. Lenders can no longer rely solely on identity verification; they must now detect inconsistencies in self-reported data. That’s where AI-driven systems like Equifax’s FraudIQ come in. The platform uses cross-sector data from Canada’s largest known fraud consortium to flag anomalies in real time. Such tools are now essential. They’ve helped institutions avoid an estimated $3 billion in fraud losses annually — a number that may need to grow as more borrowers blur the line between financial desperation and deception.

This growth was driven by a market-low expense ratio of 0.14%, which undercuts the Grayscale Bitcoin Mini Trust by a single basis point. The fund debuted on April 8 as the first spot Bitcoin ETF issued directly by a traditional Wall Street banking institution.

Related Brief15h ago
cryptocurrency

Ethereum ETFs End Five-Month Outflow Streak With $212 Million Inflow

US-listed spot Ethereum ETFs have attracted more than $212 million in new capital over a four-day streak, ending five consecutive months of net outflows totaling nearly $2.8 billion. On April 14, the funds recorded $53.1 million in net inflows, led by Fidelity's FETH with nearly $38 million and BlackRock's ETHA with $10.49 million. Cumulative net inflows for Ethereum ETFs now stand at $11.68 billion. Total net assets for Ethereum ETFs now reach $12.98 billion. Ethereum briefly reclaimed the $2,400 level on April 14.

While MSBT has outpaced WisdomTree, it remains significantly smaller than market leaders. BlackRock's iShares Bitcoin Trust (IBIT) leads with $64.3 billion in cumulative inflows, followed by the Fidelity Wise Origin Bitcoin Fund at $10.9 billion. MSBT currently trails the Franklin Bitcoin ETF ($375 million), the Valkyrie Bitcoin ETF ($326 million), and the Invesco Galaxy Bitcoin ETF ($245 million).

Related Brief10h ago
cybersecurity

Kraken Refuses Ransom After Insider Breach Exposes 2,000 Accounts

Two thousand Kraken clients face the risk of their private data being leaked on social media. The exposure occurred after two support employees were recruited by a cybercrime group to gain improper access to internal systems. These employees recorded videos of internal systems containing client support data for 2,000 accounts, or 0.02% of the user base. Kraken revoked employee access and strengthened controls following a tip in February 2025. A criminal group subsequently threatened to release the videos to media outlets and social media unless payment was made. Kraken refused to pay or negotiate with the ransom demands. A criminal investigation is underway to identify and arrest the responsible individuals. 2,000 clients face the risk of their private data being leaked on social media.

Despite the rapid start, the broader ETF market faces consolidation pressure. Bloomberg analysis shows the average ETF lifespan fell from 4.66 years in 2024 to approximately 3.5 years in 2025. More than 40 ETFs were liquidated in the first two months of 2026, though none were crypto products. Bloomberg ETF analyst James Seyffart predicted in December that many crypto exchange-traded products could be liquidated by the end of 2027 due to weak demand.

Related Brief2d ago
central banking

Kraken cuts out bank intermediaries with first crypto Fed master account

Kraken can now move money faster and more cheaply by cutting out bank intermediaries. The Kansas City Fed granted the crypto exchange's Wyoming banking arm a limited-purpose master account for one year, allowing it to access the wholesale payments system Fedwire. This access lets Kraken move funds directly via the Fed's payment rails and hold limited balances overnight. Unlike most accountholders, Kraken cannot earn interest on reserve balances, access emergency Fed lending, or use the FedNow and ACH payment systems. The account will initially serve wholesale clients.

Bitcoin ETFcrypto IRS rulingIRA contribution limit IRSHSA eligibility IRS rulingSECURE 2.0 IRS guidanceSEC enforcement actionRipple XRP SECinsider trading SEC chargeSEC crypto enforcementpayment for order flow SECSEC retail investor ruleSEC ESG enforcementBlackRock

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