Morgan Stanley Surpasses $600 Million in Bitcoin Holdings Amid Sustained Demand
Morgan Stanley has significantly increased its Bitcoin holdings, surpassing $609 million. The bank's MSBT fund has seen steady inflows amid growing demand from customers, with a recent purchase of about $62.2 million over the past 20 trading days.
The latest data from Arkham Intelligence shows that Morgan Stanley bought about $3.8 million worth of BTC on Friday, marking its fourth consecutive day of inflows. This consistent purchasing has led to sustained growth in the bank's Bitcoin venture.
In contrast, BlackRock recorded a negative performance during the same period, with about $19.2 million in Bitcoin outflows on Friday. This has sparked speculation that Morgan Stanley continued accumulating Bitcoin while major institutional firms saw investors pull capital.