Morgan Stanley is about to launch the first spot Bitcoin ETF from a major U.S. bank, with its MSBT fund having received an official listing notice from the New York Stock Exchange. Meanwhile, a report released by Charles Schwab indicates that Bitcoin's volatility has significantly decreased, with an expected historical volatility of 42% in 2025, lower than Nvidia's 50% and Tesla's 63%. Its price fluctuations are now more similar to those of major stocks. The report attributes this shift to Bitcoin becoming more deeply integrated into the mainstream financial system through regulated products and ETFs.

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