Morgan Stanley's MSBT Bitcoin ETF withdrew 123.21 BTC (~$9.33M) from Coinbase Prime.
Macro & Markets ·
Morgan Stanley's MSBT Bitcoin ETF withdrew 123.21 BTC, valued at approximately $9.33 million, from Coinbase Prime. The movement marks continued accumulation activity by the institutional fund.
The withdrawal represents a direct transfer of Bitcoin from a major custody provider to the ETF, indicating active positioning. Coinbase Prime serves as a holding location for institutional clients managing larger cryptocurrency positions.
It remains unclear whether this withdrawal reflects a discrete transaction or part of a broader pattern of accumulation by the fund, or what specific timeline or trading strategy may have prompted the timing of this particular movement.