Morgan Stanley Nears $1 Billion Bitcoin ETF Milestone
Morgan Stanley is closing in on a $1 billion milestone in its Bitcoin ETF holdings, driven by consistent purchases despite volatile market conditions. The financial giant’s Bitcoin ETF, known as MSBT, now holds approximately 10,519 BTC, according to data from Arkham Intelligence.
The current value of Morgan Stanley’s Bitcoin stash is about $903.86 million across wallets linked to the fund. This rapid accumulation occurred within just five months of the ETF’s launch, indicating the firm’s aggressive strategy to expand its Bitcoin exposure.
Morgan Stanley’s Bitcoin ETF began trading on NYSE Arca in April 2024, granting the firm direct access to the U.S. spot Bitcoin ETF market. Arkham identified the fund’s wallet addresses within a week of its debut, allowing market watchers to track its growing reserves.
With less than $100 million in additional Bitcoin purchases needed, Morgan Stanley could achieve the $1 billion milestone as soon as this month, further solidifying its position in the crypto market.