Bitcoin jumped to $70,800, up more than 1% on Friday, after major economies announced efforts to stabilize energy markets. Other major cryptocurrencies like ether and XRP saw smaller gains. West Texas Intermediate crude fell nearly 2% to $93.80 as Britain, France, Germany, Italy, the Netherlands, and Japan pledged to ensure safe passage through the Strait of Hormuz.
Morgan Stanley has filed to launch a spot Bitcoin ETF with the ticker MSBT and a $1 million seed investment.