Morgan Stanley Loads Up on Bitcoin Amid Price Rally

Morgan Stanley's Bitcoin ETF has been on a buying spree, adding $3.76 million in net cash inflows on September 11, according to data from SoSoValue.

This brings the total net assets of Morgan Stanley's Bitcoin Trust (MSBT) to approximately $610.13 million at the time of writing.

Notably, this is not an isolated incident - MSBT has registered four consecutive days of cash inflows and has purchased Bitcoin on 11 out of the past 20 days without any cash outflow, amounting to roughly $62.2 million.

In comparison, BlackRock's iShares Bitcoin Trust ETF (IBIT) saw three consecutive days of cash outflows through Friday, totaling $63.22 million, despite having about $60.6 billion in net assets at the time of publication.