Morgan Stanley Increases Bitcoin Holdings to 6,675

Morgan Stanley's Bitcoin ETF wallet balance has increased to 6,675. According to Arkham monitoring, the Morgan Stanley Bitcoin Trust (MSBT) added approximately 111,762 Bitcoins with an investment of $7.03 million. The value of MSBT's Bitcoin holdings has exceeded $420 million. MSBT is a spot Bitcoin ETF under the name of Morgan Stanley, which can track the inflows and outflows of on-chain wallets. ETF settlements are on a T+1 structure, meaning the on-chain reflection may be delayed by one day. A spot Bitcoin ETF is a product that exposes investors to price movements through fund shares without directly holding Bitcoin. This increase in balance is interpreted as a change in the holdings status of institutional products. MSBT began trading on the New York Stock Exchange on April 8, with a trading volume of approximately $34 million on its first trading day. As of July 23, MSBT's holdings increased from 6,116.4 to 6,675. Recently, Morgan Stanley's 13F filing revealed that it increased its holdings in BlackRock's Bitcoin spot ETF by 23% in the second quarter.

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