Morgan Stanley’s Bitcoin ETF amasses $904 million in BTC

Morgan Stanley's Bitcoin exchange-traded fund (ETF) has accumulated a significant holding of Bitcoin (BTC). According to data from Arkham, the on-chain wallet for the ETF, ticker MSBT, contains 10,519 BTC, currently valued at approximately $904 million. The ETF began trading on the NYSE Arca exchange in April of this year, and Arkham identified and publicly disclosed its address within a week of its launch.

The disclosure highlights the growing institutional interest in Bitcoin through regulated investment vehicles. Morgan Stanley's ETF is one of several Bitcoin ETFs that have gained traction in the market, offering investors exposure to the cryptocurrency without directly holding it.

The report also includes a disclaimer noting that the information may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. It emphasizes that investments in digital assets can be risky and advises careful evaluation of the risks based on individual financial circumstances.