TD Securities has established Public Bitcoin Treasury Companies (PBTCs) as a distinct investable equity category, defining formal institutional standards.
Japan plans to reclassify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, shifting them from a payment-based framework to one aligned with traditional securities regulation.
Bernstein says quantum computing is a real threat to Bitcoin but not an emergency, arguing the industry likely has three to five years to upgrade to post-quantum security.
Morgan Stanley officially launched the first U.S. bank-issued spot bitcoin ETF, undercutting rivals on fees and leveraging its massive advisor network to challenge BlackRock’s dominance.