Morgan Stanley's Wallets Fully Exposed...Market 'Stunned' by Real-time ETF Wallet Disclosure

▲ Bitcoin (BTC), cryptocurrency wallet/ChatGPT generated image

Market attention is focused as Morgan Stanley's spot Bitcoin (BTC) ETF asset flows are being revealed virtually in real-time on-chain.

Virtual asset analysis platform Arkham Intelligence announced that it has identified the on-chain wallets used by Morgan Stanley's Bitcoin ETF, 'Morgan Stanley Bitcoin Trust (MSBT)'. This allows investors to directly track the inflow and outflow of Bitcoin for the ETF on the blockchain.

MSBT began trading on April 8th at the NYSE Arca. It garnered market attention immediately after its launch as the first spot Bitcoin ETF issued by a major US bank.

Arkham explained that it accurately identified and verified MSBT's custody wallets in advance. However, due to the T+1 settlement structure of traditional financial systems, there is a one-day time lag in on-chain data. The actual asset allocation is reflected on the blockchain one day later.

Since its launch, MSBT has reportedly purchased approximately $102.79 million worth of Bitcoin. Its current on-chain holdings are around 1,348 BTC.

Bloomberg ETF analyst Eric Balchunas rated MSBT's initial performance as being in the top 1% of ETFs launched in the past year.

Its competitive fee structure is also noteworthy. MSBT's annual management fee is 0.14%, which is the lowest among US spot Bitcoin ETFs. This is lower than BlackRock's iShares Bitcoin Trust (IBIT), which charges a 0.25% fee. IBIT leads the market, managing approximately $57 billion in assets.

Morgan Stanley's wealth management division manages $9.3 trillion in client assets through approximately 16,000 advisors. Analysis suggests that even if only a portion of these funds moves into MSBT, it could result in significant capital inflows.

Meanwhile, the digital asset custody for this ETF is handled by Coinbase and BNY Mellon. Major financial institutions such as Goldman Sachs and Charles Schwab are also reportedly preparing to launch similar cryptocurrency products, and the fee reduction competition in the ETF market is expected to intensify further in the future.

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