BitMine Immersion Technologies, the Ethereum-focused treasury vehicle associated with Tom Lee, said Thursday it has increased its share buyback authorization to $4 billion and completed an uplisting to the New York Stock Exchange. The moves are aimed at tightening supply and expanding access to institutional investors.
Morgan Stanley is targeting an April 8 launch for a bitcoin ETF on NYSE Arca and is reportedly pricing fees below BlackRock’s 0.25% IBIT rate, sparking inflow hype across crypto markets.
Morgan Stanley’s proposed spot bitcoin ETF (MSBT) has secured an NYSE Arca listing notice, a near-final step before launch. If approved to begin trading, the fund could intensify fee competition with incumbents like BlackRock and Fidelity while opening a major brokerage-driven route for direct BTC exposure.
Jon Herrick, head of product development at the NYSE, says the exchange will integrate blockchain into its existing infrastructure rather than undertake a full systems overhaul. The approach aims to capture efficiency gains while avoiding major operational disruption.
The NYSE has tapped Securitize to build its tokenized stock platform, intensifying the race to move equities onto 24/7 blockchain markets after Nasdaq’s recent regulatory approval. The partnership aims to combine token issuance, compliance tooling and digital custody to accelerate market-ready tokenized equities.
Nasdaq and Intercontinental Exchange, the owner of the NYSE, are advancing plans to shift the $126 trillion global equity market onto blockchain as part of an effort to build an “everything exchange.” This strategy positions traditional market operators and crypto platforms as both competitors and collaborators.
The New York Stock Exchange has acquired a stake in a leading crypto exchange, a move that industry observers say boosts institutional confidence and could improve services for everyday users.
The NYSE president said the exchange felt a duty to enter the tokenization market and will launch 24/7 trading of tokenized assets later this year.
Changpeng Zhao’s YZi Labs confirmed it participated as a strategic investor in BitGo’s IPO as the digital asset custodian debuted strongly on the NYSE, the firm said in an official announcement.
The NYSE has revealed plans for a 24/7 blockchain trading platform for tokenized stocks and ETFs, though the project remains pending regulatory approval. The exchange describes the initiative as a measured step toward onchain markets.