New York, Jan 6, 2026, 06:28 EST — Premarket
- Bitcoin was up 0.8% near $93,752, while crypto-linked U.S. stocks rose in premarket trade.
- Morgan Stanley filed with U.S. regulators to launch ETFs tied to bitcoin and solana, adding to a wave of big-name entrants into listed crypto products.
- U.S. spot bitcoin ETFs logged their biggest daily inflow since early October on Monday, and options positioning clustered around $100,000 strikes into late January.
Bitcoin edged higher on Tuesday after Morgan Stanley filed for U.S.-listed exchange-traded funds tied to bitcoin and solana, a sign Wall Street’s push into crypto is broadening at the start of 2026. The world’s largest cryptocurrency was up 0.8% at $93,752.
The move matters because investors have been looking for evidence that institutional demand is stabilising again after a choppy finish to 2025. Bitcoin hit a record high above $125,000 in October before sliding, and it ended 2025 down over 6%.
Crypto-linked equities tracked the firmer tone ahead of the U.S. cash open. Coinbase Global rose 7.8% in premarket trade, while bitcoin proxy Strategy was up 4.8%; miners Marathon Digital and Riot Platforms gained about 7.0% and 4.4%, respectively.
Morgan Stanley is seeking regulatory approval for ETFs tied to bitcoin and solana, according to filings with the U.S. Securities and Exchange Commission. The move comes two years after U.S. regulators approved spot bitcoin ETFs — funds that hold bitcoin directly rather than using futures contracts — and follows other institutions’ steps into crypto-linked products.
Flows have been part of the story early this week. U.S. spot bitcoin ETFs pulled in about $697 million on Monday, the biggest daily inflow since Oct. 7, data compiled by Bloomberg showed.
Derivatives traders have also been leaning into upside targets. Open interest — the number of outstanding options contracts — has clustered around $100,000 strike calls expiring on Jan. 30, according to data from Coinbase Global’s Deribit derivatives exchange cited by Bloomberg.
Corporate balance sheets remain a reminder of the downside when the token swings the other way. Strategy, formerly MicroStrategy, disclosed a $17.44 billion unrealised loss on digital assets in the fourth quarter, after the value of its cryptocurrency stockpile fell.
Technical traders are watching whether bitcoin can clear a well-advertised ceiling. IG market analyst Axel Rudolph said bitcoin has struggled to break through the $94,000-to-$95,000 area, with traders eyeing support around $90,000 if the rally fades.
The risk is that the rebound runs into the same headwinds that weighed on crypto late last year: a sudden wobble in risk appetite or another bout of volatility in tech shares that pulls the sector down with it. “Cryptocurrencies remain a high-risk segment and a strong correlation with tech shares should keep volatility elevated,” said Swissquote Bank senior analyst Ipek Ozkardeskaya. Reuters
