Morgan Stanley is becoming one of the fastest-growing Bitcoin exchange-traded funds in the U.S. market, less than five months after its launch.
Its ETF, known as MSBT, currently holds 10,519 BTC valued at approximately $903.86 million, according to recent data from blockchain intelligence firm Arkham.
At that steady pace of purchases, the fund needs to add less than $100 million more in Bitcoin to cross the $1 billion threshold — a barrier the market anticipates could be broken within this very month.
The MSBT fund began trading on NYSE Arca in April of this year, granting Morgan Stanley direct exposure to the Bitcoin spot market in the United States.
Arkham managed to publicly identify the addresses associated with the fund just one week after its debut, allowing market analysts to track the evolution of its holdings on an ongoing basis.
The data confirms that the fund has recorded no sales since its inception, maintaining a steady accumulation trajectory even amid volatile conditions.
This strategy reflects a strong commitment to Bitcoin on Morgan Stanley’s part, regardless of market conditions.
Source: https://x.com/arkham/status/2107047121086222588
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