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Crypto

MSBT Bitcoin ETF Withdraws $96.4 Million in Two Transactions

Guavy AI Editorial Team
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BTC
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Morgan Stanley's MSBT Bitcoin ETF withdrew a significant amount of funds from Coinbase Prime in two transactions over a 24-hour period. The transfers, valued at approximately $96.4 million, represent another sizable accumulation linked to the investment vehicle. According to reports, the addresses involved were identified as associated with MSBT.

The withdrawals consisted of 1,146.118 BTC, which was transferred in two transactions within the 24-hour period ending Sept. 24. This move comes after a string of similar accumulations by MSBT. The transfers from Coinbase Prime have raised questions about the investment strategy and potential implications for the market.

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