Morgan Stanley Bitcoin ETF Nears $1 Billion as Hyperliquid Token Eyes $100
Morgan Stanley's spot Bitcoin exchange-traded fund (ETF), trading under the ticker MSBT on NYSE Arca, is nearing a $1 billion valuation milestone. The fund has accumulated over 10,500 BTC, valued at approximately $903.86 million as of this week, according to blockchain analytics firm Arkham. This rapid growth comes less than five months after the product began trading in April, reflecting a broader institutional push into regulated digital asset products.
The fund's strategic accumulation approach, despite market volatility, suggests a deliberate rather than opportunistic buying strategy. Industry analysts expect Morgan Stanley to cross the $1 billion threshold before the end of October if the current pace continues. This milestone is significant as large ETF positions can influence global price discovery and signal sustained institutional demand.
Meanwhile, Hyperliquid's native token HYPE has captured investor attention, trading near $93 after a 3.3% gain over the previous 24-hour session. The token is testing a critical technical zone that analysts say could determine whether a push toward the psychologically important $100 level materializes. Technical indicators broadly support the bullish case for HYPE, though short-term signals suggest a potential pause before another leg higher.
The fundamental case for HYPE rests on the expanding utility of the Hyperliquid network, a Layer-1 decentralized derivatives platform. The token is used for staking, transaction fees, governance, and security through delegated proof-of-stake. Market data as of October 5 showed HYPE's market capitalization at approximately $20.1 billion, reflecting strong investor interest in the decentralized derivatives sector.