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Crypto

Morgan Stanley Bitcoin Fund Hits $609 Million Milestone

Guavy AI Editorial Team
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BTC
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Morgan Stanley's Bitcoin Trust has reached a new milestone, surpassing $609 million in assets. This comes after a 20-day streak of uninterrupted buying, with investors adding capital during 11 sessions without recording any outflows.

The fund's asset growth is all the more notable given that it has done so despite the volatile price of Bitcoin. On Friday alone, the Morgan Stanley Bitcoin Trust added approximately $3.8 million in Bitcoin, marking its fourth consecutive session of net inflows.

This buying streak stands in contrast to activity at BlackRock's iShares Bitcoin Trust (IBIT), which experienced outflows of around $19.2 million on the same Friday.

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