Morgan Stanley Keeps Buying Bitcoin
Morgan Stanley is increasing its exposure to Bitcoin through its spot Morgan Stanley Bitcoin Trust (MSBT) ETF. According to Finbold and SoSoValue data, the fund recorded four consecutive days of net inflows and bought Bitcoin on 11 of the past 20 trading days without recording an outflow during that period. MSBT’s net assets reached approximately $610 million. Meanwhile, Bitcoin’s market capitalization increased by more than $310 billion over the past 30 days to around $1.57 trillion, while BTC traded near $78,520 at the time of publication. The contrast with BlackRock’s IBIT ETF is notable: IBIT recorded $63.22 million in net outflows over three consecutive sessions. Continued accumulation by Morgan Stanley could provide additional support for institutional Bitcoin demand. Track the latest BTC rate and choose a suitable time to exchange on xbit.money.