Morgan Stanley's Bitcoin ETF Sees Rapid Accumulation

Morgan Stanley's spot Bitcoin ETF has accumulated over $139 million worth of Bitcoin within just nine days, according to Arkham Intelligence data. The fund launched with approximately $30.6 million in net inflows and recorded about $34 million in trading volume. The ETF charges a fee of 14 basis points. According to NS3.AI, Phong Le noted that Morgan Stanley Wealth Management manages around $8 trillion in assets under management (AUM). A 2% allocation to Bitcoin could potentially translate to about $160 billion in demand.