Bitcoin Price Jumps 5% In A Week As Morgan Stanley Seeks SEC Nod For Bitcoin ETF?

Bitcoin continues its new-year recovery, holding a 5% weekly gain even as it faces a slight 1.2% intraday correction. Trading at $92,760 as of 2:20 a.m. EST, BTC is showing resilience following a turbulent Q4 2025 that saw prices slide from $126,230 to local lows near $80,500.

With Morgan Stanley now filing with the SEC for a spot Bitcoin exchange-traded fund (ETF), market sentiment is shifting. As buyers eye the $94,000 resistance mark, the focus remains on whether this banking giant’s endorsement will spark a sustained Bitcoin breakout.

Morgan Stanley Seeks SEC Approval For Bitcoin ETF

Morgan Stanley has filed with the US SEC to launch a spot Bitcoin ETF. This marks another significant step by a traditional finance heavyweight into the growing crypto ETF market.

The Wall Street firm, with an estimated $6.4 trillion in assets under management, submitted separate S-1 filings for a Morgan Stanley Bitcoin Trust and a Morgan Stanley Solana Trust.

If approved, the filings would place the company alongside major crypto ETF issuers such as BlackRock and Fidelity, underscoring the growing appetite for digital assets in mainstream investment products.

Cumulative trading volume across US BTC sport ETFs has now exceeded $57.54 billion, according to SoSoValue data, highlighting a sharp increase in activity and liquidity.

Meanwhile, data from CoinGlass shows that the spot BTC ETFs recorded total net outflows of $243.2 million after two consecutive days of net inflows.

Moreover, cumulative trading volume across US spot BTC ETFs has now exceeded $1.62 trillion, according to The Block’s data, which shows a sharp increase in activity.

The move by Morgan Stanley underscores its role in boosting institutional participation, as seen with spot BTC and ETH ETFs.

Bitcoin Price Analysis: Short-Term Recovery Opens Path To $100K

According to the Bitcoin price chart, the asset is struggling to break above a key resistance level near $94,500. BTC price previously hit a low of around $80,500, prompting the bulls to step in and defend this area as a buffer against further downside.

The path to $100,000 is now clear, after the price of Bitcoin cleared the $89,242 resistance (50-day Simple Moving Average (SMA)). The only barrier on this journey will be the 0 Fib level ($94,770) and the -0.272 Fib zone ($98,640).

Meanwhile, the Bitcoin Relative Strength Index (RSI) on the daily timeframe shows that the 66 area capped buyers, sending them to the current area around 60.47, suggesting sellers have not taken complete control.

As long as the BTC bulls keep the price trading above the $91,413 support (0.236 Fib level), the short-term recovery to push Bitcoin above $92,000 could sustain the surge.

The next key targets will be the $94,770 resistance and the -0.272 Fib level, as traders target the long-term resistance at $103,562.

Data from CoinMarketCap shows that the trading volume has surged 14% to $54 billion, which shows increased activity in the last 24 hours. 

However, if the bears sustain the recent daily candle’s decline below $92,000, the Bitcoin price may be at risk of a drop back to $89,200, around the 50-day SMA.