Arkham reports that Morgan Stanley’s MSBT ETF has bought about $83.6M worth of Bitcoin this week and currently holds around $64.4M on-chain.
They’ve also identified the wallet addresses.
Just sharing the data — nothing major yet, but worth noting.
Morgan Stanley’s ETF bought ~$83M in BTC
byu/EdgeQuiet2199 inCryptoMarkets
Posted by EdgeQuiet2199
2 Comments
I think its the news of the year and they will buy huge amounts over time.
Morgan Stanley stepping in with ~$83M is a pretty bullish signal, shows big tradfi players are still quietly stacking BTC.