Morgan Stanley's Bitcoin (BTC) Holdings Surpass $609 Million... 'Raging' Buying Spree

▲ Bitcoin (BTC), Morgan Stanley/ChatGPT generated image

Morgan Stanley continued its Bitcoin (BTC) purchases, raising its holdings to over $609 million.

According to the crypto media outlet U.Today on September 14 (local time), Morgan Stanley's MSBT fund has been consistently attracting capital based on client demand. With the recent buying spree, its Bitcoin holdings have also surpassed $609 million.

Data from blockchain analytics firm Arkham Intelligence shows that the MSBT fund additionally purchased approximately $3.8 million worth of Bitcoin last Friday. This marks four consecutive trading days of capital inflow. The total capital inflow over the past 20 trading days amounted to $62.2 million.

The continuity of capital inflow was also notable. During this period, there was not a single day of net outflow while funds flowed in for 11 consecutive days. U.Today reported that continuous investor demand and purchases are rapidly expanding the MSBT fund's presence in the Bitcoin market.

In contrast, BlackRock recorded a net outflow of approximately $19.2 million in Bitcoin funds on the same Friday. Although BlackRock still maintains dominance in the Bitcoin investment market, recent transactions showed a divergence in fund flows compared to Morgan Stanley.

Morgan Stanley attracted $62.2 million in funds over the past 20 trading days, expanding its Bitcoin holdings to over $609 million. On the same day, $19.2 million flowed out of BlackRock, showing a clear contrast in Bitcoin fund flows between the two major financial institutions.

[Article Key Summary]

-Morgan Stanley's Bitcoin holdings have surpassed $609 million.

-The MSBT fund saw a total inflow of $62.2 million over the past 20 trading days, with no net outflow for 11 consecutive days.

-On the same Friday, BlackRock experienced a net outflow of approximately $19.2 million in Bitcoin funds.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*