Crypto
Morgan Stanley's MSBT Bitcoin ETF Unloads $22 Million on Coinbase Prime
Morgan Stanley's Bitcoin ETF, MSBT, has been accumulating significant amounts of the cryptocurrency. Over the past three days, the fund has withdrawn a total of 332.85 BTC worth approximately $21.53 million from Coinbase Prime.
The latest withdrawal was for 232.55 BTC, valued at around $15.05 million, which occurred just three hours ago. This brings the total accumulation to nearly $22 million in a short period.
The current price of Bitcoin sits within its Bollinger band, with an upper resistance level at $65,156.45. The bullish EMA50 and EMA200 continue to act as support levels, while the MACD golden cross indicates strong momentum.