Morgan Stanley’s Bitcoin ETF Nears $1 Billion Mark
Morgan Stanley is making significant strides in the Bitcoin ETF market, steadily accumulating Bitcoin 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 value of Morgan Stanley's Bitcoin holdings has surged to about $903.86 million across wallets linked to the fund, achieved within just five months of its launch. To reach the $1 billion milestone, the fund needs to add less than $100 million worth of Bitcoin, a target that could be met this month.
Morgan Stanley's Bitcoin ETF began trading on NYSE Arca in April 2024, granting the firm direct exposure to the U.S. spot Bitcoin ETF market. Arkham Intelligence identified the fund's wallet addresses within a week of its launch, allowing market watchers to track its Bitcoin reserves closely.
The data confirms that Morgan Stanley has amassed nearly $1 billion worth of Bitcoin in just five months, showcasing impressive growth and a commitment to expanding its Bitcoin exposure through the ETF.