Le fonds négocié en bourse Bitcoin au comptant de Morgan Stanley dépasse 139 millions de dollars d’actifs en neuf jours

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Morgan Stanley’s spot bitcoin exchange-traded fund (ETF) has secured over $139 million worth of BTC merely nine days following its introduction, indicating early institutional interest in the Wall Street powerhouse’s newest cryptocurrency offering.

Information sourced from blockchain analytics firm Arkham Intelligence reveals this swift accumulation highlights a growing investor inclination towards regulated bitcoin exposure via conventional financial avenues.

The fund commenced with approximately $30.6 million in net inflows and around $34 million in trading activity, providing an initial indication of demand from the bank’s extensive wealth management infrastructure. The MSBT charges a 14 basis point fee, positioning itself competitively against numerous existing products and reinforcing a broader industry trend towards reduced costs.

Bitcoin ETFs are gaining momentum

Morgan Stanley’s participation in the spot bitcoin ETF arena follows years of escalating institutional engagement with digital assets and a transformation in how traditional finance engages with bitcoin exposure. 

Ever since the authorization of the initial U.S. spot bitcoin ETFs in early 2024, asset managers have vied to attract capital from both retail and institutional investors seeking sanctioned access to bitcoin through brokerage accounts.

The design of spot bitcoin ETFs permits investors to achieve price correlation without direct asset ownership, thereby eliminating the necessity for self-custody and private key administration. This structure has resonated with financial advisors, pension funds, and wealth management services that operate under stringent compliance mandates. Consequently, entities with robust distribution networks have benefited from a structural advantage in asset accumulation.

Morgan Stanley’s involvement carries significant influence due to its standing as one of the premier wealth managers in the United States, boasting thousands of advisors and trillions in client assets.

Phong Le, President and CEO of Strategy, the pioneering and preeminent Bitcoin treasury firm globally, stated that Morgan Stanley’s bitcoin ETF could potentially unlock up to $160 billion in demand, assuming a conservative portfolio allocation.

“Morgan Stanley Wealth Management oversees approximately $8 trillion in Assets Under Management and suggests a 0–4% bitcoin allocation,” Le communicated on X. “A 2% allocation would amount to $160 billion, roughly three times the scale of IBIT. MSBT: Monster Bitcoin.” 

In essence, Le posits that even a moderate 2% bitcoin allocation across Morgan Stanley’s $8 trillion wealth platform could channel around $160 billion into bitcoin, substantially surpassing the size of existing ETFs such as BlackRock’s iShares Bitcoin Trust.

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Original article : bitcoinmagazine.com