Morgan Stanley Buys $193 Million of Bitcoin for Three Consecutive Days

Morgan Stanley has continued its consistent Bitcoin purchases, remaining the only ETF that is buying Bitcoin following its latest move.

As of Thursday, September 24, Arkham Intelligence posted data revealing that the Morgan Stanley spot Bitcoin ETF has continued to attract fresh capital.

Morgan Stanley extends Bitcoin buy streak

The data shows that Morgan Stanley has maintained sustained interest in Bitcoin, having steadily bought Bitcoin for three straight days.

According to the data, Morgan Stanley recorded a total of $32.4 million in inflows on Wednesday, September 23, making it the only Bitcoin ETF to attract new capital on that day.

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While the latest Bitcoin purchase extends the fund's inflow streak to three consecutive days, it has brought its total inflows over the period to $193.1 million.

Furthermore, the data also shows that the Bitcoin fund has not recorded a single day of withdrawals over the past 20 days of ETF trading sessions.

This suggests that Morgan Stanley investors have maintained steady demand for Bitcoin exposure despite recent volatility witnessed in the broader crypto market.

Morgan Stanley's Bitcoin holdings near $776 Million 

Following the consistent Bitcoin purchases made by the firm, especially in recent days, Morgan Stanley's Bitcoin holdings have continued to expand.

With the fund's three-day inflow streak and absence of outflows over the past trading month, Morgan Stanley appears to be establishing its foothold in the Bitcoin ETF market.

As of September 24, the data shows that Morgan Stanley now holds around 9,218 BTC, worth approximately $775.75 million at Bitcoin's current trading price.