Morgan Stanley isn’t just issuing a call this time—it’s continuing to increase its stake.
According to PANews, citing Arkham’s latest monitoring, Morgan Stanley, through its spot Bitcoin ETF MSBT, spent over $96 million to withdraw about 1,100 BTC from Coinbase Prime storage addresses. As of now, its total Bitcoin holdings have first surpassed 9,000 BTC, reaching 9,218 BTC, worth more than $775 million.
One observation is that the Bitcoin exposure of traditional banking giants is still rising; another is that the funds are still flowing through the compliant ETF channel. What’s even more worth watching next is whether these subscription and custody inflows can be sustained. If the subsequent volume can’t keep up, there may still be a pullback after chasing the price higher.
Do you care more about institutional channels like MSBT continuing to expand, or about whether short-term momentum can hold up?
Source: PANews
#BTC
Figure 1: Morgan Stanley MSBT holdings break 9,000 BTC · Source page partial screenshot
Image source: https://www.panewslab.com/zh/articles/01a0d7ce-8354-765c-8e97-a6ee995c99a5
According to PANews, citing Arkham’s latest monitoring, Morgan Stanley, through its spot Bitcoin ETF MSBT, spent over $96 million to withdraw about 1,100 BTC from Coinbase Prime storage addresses. As of now, its total Bitcoin holdings have first surpassed 9,000 BTC, reaching 9,218 BTC, worth more than $775 million.
One observation is that the Bitcoin exposure of traditional banking giants is still rising; another is that the funds are still flowing through the compliant ETF channel. What’s even more worth watching next is whether these subscription and custody inflows can be sustained. If the subsequent volume can’t keep up, there may still be a pullback after chasing the price higher.
Do you care more about institutional channels like MSBT continuing to expand, or about whether short-term momentum can hold up?
Source: PANews
#BTC
Figure 1: Morgan Stanley MSBT holdings break 9,000 BTC · Source page partial screenshot
Image source: https://www.panewslab.com/zh/articles/01a0d7ce-8354-765c-8e97-a6ee995c99a5
