Markets· ★★★★· bullish·

Morgan Stanley's MSBT buys 642 BTC for $50.6M with no outflows

  • —About 642 BTC bought for $50.6 million in the first two weeks of September
  • —Cumulative inflows since April topped $538 million
  • —Fund's net assets reached $586–635 million by mid-September
  • —0.14% fee — the lowest among spot bitcoin ETFs at launch
Why it matters: The first spot bitcoin ETF from a bank asset manager is building its position without outflows, reinforcing institutional demand for BTC.
#BTC
Source: Crypto Briefing
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