Morgan Stanley Extends Bitcoin Buying Streak for Third Consecutive Day
Morgan Stanley has continued its streak of buying Bitcoin, becoming the only fund to attract new capital in recent days. The data from Arkham Intelligence shows that Morgan Stanley's spot Bitcoin ETF purchased $32.4 million worth of BTC on Wednesday, September 23.
This marks three consecutive days of steady investment by Morgan Stanley in Bitcoin, bringing its total inflows to $193.1 million since the fund started buying. Over the past 20 trading sessions, Morgan Stanley has not recorded a single day of withdrawals, indicating strong demand for Bitcoin exposure despite recent market volatility.
The firm's consistent purchases have expanded its Bitcoin holdings, now valued at approximately $775.75 million, based on the current price of BTC. With this significant investment, Morgan Stanley appears to be solidifying its position in the Bitcoin ETF market.