Today’s Insider ⬇️
🔎 Revenue Insight: BitGo Posts $16.2B Revenue in First Earnings Since January IPO, But Bitcoin Treasury Drag Widens Net Loss
🏦 Low-cost Crypto ETF: Morgan Stanley sets spot bitcoin ETF fee at 0.14%, undercutting every rival on the market
🚀 Compliant Crypto Investment: Europe’s banking giant BNP Paribas launches ETNs on Bitcoin and Ethereum
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $66,800 | +1.46% | -20.12% |
Ethereum | $2,018 | +1.53% | +7.43% |
Solana | $83 | +1.02% | -35.66% |
XRP | $1.34 | +1.47% | -38.28% |
S&P 500 | $6,434 | -0.67% | +41.34% |
Gold | $4,533 | +3.44% | +49.30% |
1. BitGo Reports $16.2B Revenue but Posts Net Loss Amid Bitcoin Treasury Declines
Revenue insight: BitGo reported $16.2 billion in full-year 2025 revenue, driven by strong growth in digital asset trading and services, but posted a $14.8 million net loss due to declines in Bitcoin treasury holdings.
🔎 Insider Insight: BitGo's move to public markets and regulatory milestones highlight its rapid growth and institutional focus. However, the net loss and post-IPO stock decline reflect challenges in maintaining investor confidence amid volatile digital asset markets.
Top Crypto Insider Pick of 2026
BlockchainFXIs Transforming Global Trading Through DeFi Innovation
BlockchainFX (BFX) is transforming global trading by merging traditional financial markets with decentralized technology. The platform provides seamless access to multiple asset classes, including cryptocurrencies, stocks, forex, and commodities, all within a single, unified ecosystem.
Meanwhile, with transparency and security at its core, BlockchainFX delivers faster transactions, lower fees, and improved accessibility. Its user-friendly interface and all-in-one design have earned it several innovation awards, making it a trusted solution for both institutional and retail investors.
By combining advanced technology with simplicity, BlockchainFX is redefining the trading experience for both experienced and beginner traders. As demand for secure and versatile trading platforms grows, BlockchainFX continues to gain recognition and interest from a global audience.
💡 Pro Tip: Having raised over $13 million in presale funding, BlockchainFX is proving its strong market appeal. At a presale price of $0.031, compared to the $0.05 launch price, $BFX offers an attractive entry point for early investors. With its focus on accessibility, innovation, and value, BlockchainFX positions itself as a compelling solution in the trading world, ensuring it’s more than just another token; it’s a practical tool for modern traders.
2. Morgan Stanley Proposes Lowest-Cost Spot Bitcoin ETF in the U.S. at 0.14% Fee
Low-cost crypto ETF: Morgan Stanley has set a 0.14% fee for its proposed spot Bitcoin ETF, making it the lowest-cost Bitcoin ETF in the U.S. if approved.
🔎 Insider Insight: Morgan Stanley's aggressive pricing strategy highlights its intent to capture market share in the highly competitive Bitcoin ETF space. By leveraging its massive advisor network and undercutting fees, it aims to challenge established players like BlackRock and Grayscale.
Which blockchain uses the ADA token?
3. BNP Paribas Launches Regulated Bitcoin and Ethereum ETNs in France
Compliant crypto investment: BNP Paribas has launched six Bitcoin and Ethereum exchange-traded notes (ETNs) in France, offering regulated exposure to crypto assets with plans to expand to other markets.
🔎 Insider Insight: BNP Paribas’ move signals growing demand for compliant crypto investment products within traditional finance. By bridging crypto and traditional banking, the bank positions itself as a leader in integrating digital assets into the EU's regulated financial ecosystem.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
