Morgan Stanley's Bitcoin ETF pulled in $100 million during its first week of trading, marking a notable early entry for one of Wall Street's largest wealth management firms into the spot Bitcoin ETF market. The launch signals the firm's institutional-grade distribution network is beginning to channel client capital into digital assets at scale. Morgan Stanley manages roughly $4 trillion in client assets, and even marginal allocation shifts toward Bitcoin products carry significant market implications. The ETF structure provides regulated, custodied exposure to Bitcoin without requiring clients to hold private keys, lowering the friction barrier for high-net-worth and institutional investors. A $100 million first-week inflow places the product among credible new entrants in a market already dominated by BlackRock's IBIT and Fidelity's FBTC. Whether inflows sustain or plateau will depend on advisor adoption rates within Morgan Stanley's brokerage network, as the firm controls significant gatekeeping authority over which products its advisors can recommend to clients.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
