Morgan Stanley is loading up on Bitcoin
As Bitcoin (BTC) added more than $310 billion to its market capitalization over the past 30 days, reaching $1.57 trillion on September 14, Morgan Stanley (NYSE: MS) through its spot exchange-traded fund (ETF), Morgan Stanley Bitcoin Trust (MSBT), has been on a buying spree. MSBT recorded a net cash inflow of $3.76 million on Friday, September 11, according to data from SoSoValue . As such, Morgan Stanley’s Bitcoin ETF has approximately $610.13 million in net assets at the time of writing. MSBT’s daily cash flow. Source: SoSoValue As such, MSBT has registered four consecutive days of cash inflows. Additionally, this BTC ETF has purchased Bitcoin on 11 days of the past 20 days, without any cash outflow, amounting to roughly $62.2 million. Notably, Morgan Stanley’s MSBT has posted only one day of cash outflow, of $5.26 million on May 29, since inception. In comparison, BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw three consecutive days of cash outflows throug...