Morgan Stanley’s Bitcoin Trust (MSBT) has surpassed $609 million in holdings, reflecting sustained investor demand for regulated Bitcoin exposure through traditional brokerage accounts. According to Arkham Intelligence, the fund attracted $62.2 million over the previous 20 trading sessions, with capital added during 11 of those sessions and no sales or negative daily flows recorded.
On Friday, MSBT purchased approximately $3.8 million worth of Bitcoin, marking its fourth consecutive session of inflows. In contrast, BlackRock’s iShares Bitcoin Trust recorded about $19.2 million in outflows during the same trading session, highlighting divergent investor allocation across major Bitcoin fund products.
The milestone does not represent Bitcoin held directly on Morgan Stanley’s corporate balance sheet. Instead, the figure covers assets belonging to MSBT investors and managed through the fund’s regulated investment structure. The fund is designed to track Bitcoin’s market performance while allowing investors to avoid managing wallets and private keys, which may appeal to customers who prefer familiar brokerage platforms over direct cryptocurrency exchange purchases.
MSBT charges a 0.14 percent expense ratio, placing it among the lower-cost Bitcoin investment products available in America. Morgan Stanley’s wealth management reach could help introduce the fund to a broader set of investors, though the fund remains exposed to Bitcoin’s price volatility, and positive inflows do not guarantee price appreciation.
