Crypto
Morgan Stanley's Bitcoin Holdings Soar Past $609 Million Amid Steady Fund Inflows
Morgan Stanley has significantly increased its Bitcoin holdings, reaching over $609 million. The investment bank made consistent purchases totaling $62.2 million in the past 20 trading days, driven by steady inflows into its MSBT fund.
The MSBT fund saw no outflows during an 11-day stretch, indicating strong investor demand. In contrast, BlackRock experienced $19.2 million in Bitcoin outflows recently, highlighting Morgan Stanley's growing position in the Bitcoin investment space.