Morgan Stanley's MSBT Bitcoin ETF received 51.58 BTC (~$4M) from Coinbase Prime, with 641.87 BTC (~$50.6M) accumulated over two weeks.
Macro & Markets ·
Morgan Stanley's MSBT Bitcoin ETF received a transfer of 51.58 BTC valued near $4 million from Coinbase Prime, according to on-chain monitoring. The inflow was tracked to address bc1qa3ph5cax0vwc36rl4r9qsgvjr0ax6r4qm2t38l within the past hour.
Over a two-week period, the ETF has accumulated 641.87 BTC worth approximately $50.6 million across multiple transfers from the same source. This pattern of sustained inflows into a spot Bitcoin product suggests institutional demand, though the specific timing or reasons behind the purchases are not disclosed in available data.
It remains unclear whether these transfers represent new capital allocation by Morgan Stanley, portfolio rebalancing, or client-driven activity. The duration and volume of future inflows, and any corresponding market impact, have not been detailed.