Morgan Stanley's Bitcoin ETF Fueled By $62.2 Million In Accumulated Purchases

Morgan Stanley's Bitcoin ETF has been on a buying spree as the price of Bitcoin continues to rise. According to data from SoSoValue, the Morgan Stanley Bitcoin Trust (MSBT) recorded a net cash inflow of $3.76 million on September 11, bringing its total net assets to approximately $610.13 million.

Over the past 30 days, MSBT has registered four consecutive days of cash inflows and purchased Bitcoin on 11 out of 20 days without any cash outflows, totaling around $62.2 million in accumulated purchases.

Compared to BlackRock's iShares Bitcoin Trust ETF (IBIT), which saw three consecutive days of cash outflows amounting to $63.22 million, MSBT has had only one day of cash outflow since its inception on May 29, totaling $5.26 million.