Crypto
Morgan Stanley's Bitcoin ETF Adds $15 Million in Latest Buying Spree
Morgan Stanley's spot Bitcoin ETF, MSBT, added approximately 232.5 BTC worth $15.05 million to its holdings as Bitcoin traded below $65,000.
This purchase raised the fund's total holdings to 6,563 BTC, valued at more than $426 million at current market prices.
The transaction marked the first time MSBT's Bitcoin balance exceeded 6,500 BTC and came during a period when Bitcoin was trading below the average purchase price of many recent buyers.