Morgan Stanley scoops up over $16 million of this crypto

Morgan Stanley bought an additional 215 BTC (≈ $16.43m) on April 21 via Coinbase Prime, raising holdings in its Morgan Stanley Bitcoin Trust (MSBT) to 1,820.6 BTC (≈ $138.1m). Launched April 8, MSBT registered strong early inflows — roughly $34m on day one and about $103m over its first six days (≈ $17m/day) — helped by a low 0.14% expense ratio and Morgan Stanley’s distribution network. The on-chain purchase and robust early fund flows signal growing institutional demand for spot-Bitcoin ETFs and strengthen MSBT’s competitive position versus established and mid-tier rivals. Continued steady inflows could allow MSBT to narrow the gap with larger issuers, intensifying competition in the spot-Bitcoin ETF market and reinforcing Bitcoin’s appeal as a portfolio diversifier for wealth clients.