The rally was short-lived in terms of fund flows, with analysts pointing to unresolved geopolitical tensions as the driver.

The transfer is the latest in a series of movements from Bhutan's sovereign Bitcoin reserves this year.

The filing notes that the trust may hold up to 5% of its assets in Ethereum to cover transaction fees on the Ethereum network.

The document interprets VARA's existing Virtual Asset Issuance Rulebook rather than introducing new legislation,

MSBT is the first spot Bitcoin ETF launched by a U.S. bank, marking a notable step for traditional finance

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Under the proposed classification, stablecoin companies involved in cross-border transactions would fall under supervision by domestic foreign exchange authorities.

He pointed to ETF inflows as a current source of demand that is consistently absorbing new Bitcoin supply.