Morgan Stanley

2026-07-31 11:31

Yesterday, Ethereum spot ETF net inflow was $7.39 million.

According to data from Trader T (@thepfund), Ethereum spot ETFs recorded a net inflow of $7.39 million yesterday, showing a significant recovery compared to the previous day (July 29 net outflow of $18.6 million). Among them, BlackRock ETHA led with an inflow of $16.24 million, Bitwise ETHW saw an inflow of $1.37 million, 21Shares TETH an inflow of $380,000, and Morgan Stanley MSSE an inflow of $410,000; Fidelity FETH had an outflow of $2.87 million, BlackRock staked ETHB an outflow of $5.9 million, VanEck ETHV an outflow of $700,000, and Grayscale ETHE an outflow of $1.55 million, with net inflows for other products at zero for the day.

21Shares Bitwise ETHA Lend Ethereum EthereumPoW Grayscale

2026-07-31 11:29

昨日比特币现货 ETF 净流入 2.3315 亿美元

According to data from Trader T (@thepfund), yesterday's Bitcoin spot ETF net inflow was $233.15 million, a significant increase compared to the previous day (July 29 net inflow of $32.1 million). Among them, BlackRock IBIT led with an inflow of $183.41 million, Bitwise BITB had an inflow of $20.74 million, Fidelity FBTC had an inflow of $15.5 million, Morgan Stanley MSBT had an inflow of $7.42 million, VanEck HODL and Grayscale Mini BTC each had an inflow of $2.29 million, Ark ARKB had an inflow of $1.5 million, and the net inflow for other products was zero for the day.

Ark Ark Bitcoin Bitwise Grayscale IBIT

2026-07-31 00:15

Amazon will announce its second-quarter earnings after the US stock market closes, with AWS cloud business and capital expenditure becoming market focuses

Amazon will announce its second-quarter 2026 earnings after the US stock market closes. According to LSEG data, the market expects the company's revenue to be $196.47 billion, with earnings per share of $1.82. Among this, AWS cloud business revenue is expected to reach $40.54 billion, and advertising business revenue is estimated at $19.43 billion.The market is also closely watching Amazon's AI infrastructure investment progress. The company previously maintained its 2026 capital expenditure guidance of approximately $200 billion, but after Alphabet raised its full-year capital expenditure expectations, multiple institutions anticipate that Amazon may also increase its full-year capital expenditure target. Morgan Stanley estimates that Amazon's capital expenditure will reach $218 billion this year, and is optimistic about AWS maintaining long-term growth driven by collaborations with OpenAI, Anthropic, and others.

Agentwood Studios

2026-07-30 13:21

昨日以太坊现货 ETF 净流出 1860 万美元

According to data from Trader T (@thepfund), Ethereum spot ETFs saw a net outflow of $18.6 million yesterday. Breaking down by product, Morgan Stanley's new product MSSE recorded a net inflow of $14.3 million on its first day, and BlackRock's ETHA had a net inflow of $5.2 million; Fidelity's FETH saw a net outflow of $16.1 million, Grayscale's ETHE had a net outflow of $9.7 million, Grayscale Mini ETH had a net outflow of $8.1 million, 21Shares' TETH had a net outflow of $2.8 million, and Bitwise's ETHW had a net outflow of $1.4 million.

21Shares Bitwise ETHA Lend Ethereum EthereumPoW Grayscale

2026-07-30 11:54

昨日比特币现货 ETF 净流入 3210 万美元

据 Trader T（@thepfund）数据，昨日比特币现货 ETF 净流入 3210 万美元。分产品来看，贝莱德（BlackRock）旗下 IBIT 净流入 8980 万美元，为当日最大买入方；富达（Fidelity）旗下 FBTC 净流出 4308 万美元；方舟（Ark）旗下 ARKB 净流出 1462 万美元；Bitwise、Invesco、Franklin、Valkyrie、VanEck、Morgan Stanley、WisdomTree及 Grayscale 旗下各产品当日净流量均为零。

Ark Ark Bitwise Franklin Grayscale IBIT

2026-07-29 20:19

Morgan Stanley: China's Humanoid Robot Industry Faces Growth Headwinds

According to CNBC, Morgan Stanley stated that the Chinese humanoid robot industry faces multiple headwinds that could slow growth, prompting analysts to downgrade their optimistic expectations for the sector.

2026-07-29 16:54

Morgan Stanley: AI Infrastructure ROIC Can Reach Up to 46%, Maintains Overweight Rating on Hyperscalers

According to TechFlow Research, Morgan Stanley released a research report on July 27, quantifying for the first time the Incremental Return on Invested Capital (ROIC) of Generative AI investments. The report constructed three estimation frameworks: the ROIC for hyperscale cloud service providers' GPU leasing business is approximately 31%, the ROIC for proprietary infrastructure model API business is approximately 46%, and the ROIC for third-party compute API business is approximately 25%. Under base case assumptions, a single 1 gigawatt (GW) data center is configured with approximately 410,000 NVIDIA GB300 GPUs, with a utilization rate of 75% and an hourly leasing price of $8.5. The combined capital expenditure of the three major cloud giants is expected to exceed $1.4 trillion. Morgan Stanley maintains an Overweight rating on Microsoft, Amazon, Meta, and Google. The report points out that as AI moves from the training phase to the inference phase, demand for GPU compute power will continue to grow. Providers with self-built compute infrastructure will achieve considerable profits by leveraging their pricing power in an ecosystem where compute is scarce. If Morgan Stanley's calculations hold true, the hundreds of billions of dollars in AI capital expenditure will shift from being perceived as "costs" to "growth assets".

GPU.Net Node AI NVIDIA Reach Reach Return

2026-07-29 08:28

Morgan Stanley Launches Ethereum and SOL ETP

Morgan Stanley launches Ethereum Trust (ticker: MSSE) and SOL Trust (ticker: MSOL). Previously, Morgan Stanley launched a Bitcoin Trust product; currently, its assets under management exceed $381 million.

Bitcoin Ethereum Solana

2026-07-28 21:22

Fees reduced to the lowest in class, Morgan Stanley launches Ether and Solana ETFs today

Bloomberg ETF analyst Eric Balchunas stated on X that the Morgan Stanley Ether ETF and Solana ETF went live today, both with a fee rate of 0.14%, making them the lowest-fee ETFs in their respective categories. Although its Bitcoin ETF was launched in the midst of winter, it has reached a scale of $400 million within four months.

Bitcoin Solana

2026-07-27 17:48

Morgan Stanley: AI Applications Expected to Boost Corporate Profit Margins by Approximately 100 Basis Points

Michael Wilson, Chief U.S. Equity Strategist at Morgan Stanley, stated that American companies actively integrating AI capabilities into their businesses are expected to demonstrate stronger profitability in the current earnings season. His team believes that companies where AI is a core investment thesis and which possess neutral to strong pricing power will see the most significant margin improvements. They project that with the continued advancement of AI applications, the net profit margins of related companies could increase by a cumulative total of approximately 100 basis points by 2027. (BloomBerg)

Basis Basis Boost Boost

2026-07-25 14:57

Morgan Stanley: If SpaceX Stock Price Drops to $100, It Means Its AI Business Valuation Goes to Zero

Morgan Stanley analysts stated that if SpaceX's stock price falls to $100 per share, it implies the market's valuation of its AI business has dropped to zero. SpaceX launched an IPO valued at $86 billion in mid-June, and this week it fell to a low of $110.85, down 18% from the offering price. Analysts assigned a target price of $300 per share to the stock, with more than half derived from the AI business valuation. Previously, SpaceX entered the AI infrastructure sector leveraging its Starlink satellite network, providing low-latency data transmission services for large model training.

June Price Starlink

2026-07-24 22:42

Institutional Crypto Trading Platform LMAX Explores Sale or IPO, Valuation Could Reach $5 Billion

According to CoinDesk, institutional crypto trading platform LMAX Group is evaluating strategic options with Morgan Stanley and investment bank KBW, including a sale, a merger with a special purpose acquisition company, and an initial public offering in the US or Europe. Sources say the company's valuation could reach up to $5 billion, with a Nasdaq listing currently the preferred option.

CoinDesk Reach Reach

2026-07-24 22:40

After receiving $150 million investment from Ripple, LMAX explores sale, SPAC merger, or IPO

Institutional trading platform LMAX is working with advisors Morgan Stanley and KBW, the investment bank arm of Stifel, to evaluate strategic alternatives. According to sources familiar with the matter, options under consideration include a potential sale, a SPAC merger, or an IPO. London-based LMAX recently launched a 24/7 multi-asset exchange and secured a $150 million strategic investment from Ripple, which is related to institutional stablecoin adoption.

based Ripple

2026-07-24 19:21

Registration Effective upon SEC Notification, Morgan Stanley Ethereum Trust Registration Process Advances

Odaily News: Morgan Stanley Ethereum Trust has received notification from the U.S. Securities and Exchange Commission (SEC) regarding the effectiveness of its registration, marking a further advancement in the registration process.

Ethereum

2026-07-24 15:04

昨日比特币现货 ETF 净流出 2.251 亿美元

据 Trader T（@thepfund）数据，昨日比特币现货 ETF 净流出 2.251 亿美元，较前一日（7月 22 日净流入 6898 万美元）大幅逆转。 其中贝莱德 $IBIT 单日流出 2.025 亿美元，占总流出量约九成，为主要拖累；富达 $FBTC、Bitwise $BITB、富兰克林 $EZBC 分别流出 560 万、700 万、560 万美元；WisdomTree $BTCW 流出 510 万美元；方舟 $ARKB 流出 430 万美元；仅摩根士丹利 $MSBT 录得 500 万美元净流入，景顺、Valkyrie、VanEck 及灰度系列均无资金变动。

Bitwise IBIT InfinityBit Valkyrie 贝莱德

2026-07-24 11:23

Morgan Stanley Analyst Turns Bearish on Storage, Citrini Analyst Suggests It May Be a Factor in KOSPI's Pullback

: Citrini analyst Jukan stated on the X platform that a Morgan Stanley research report circulating in the market shows that analyst Shawn Kim has turned bearish on the memory chip industry. The report suggests that NAND module manufacturers' inventory has risen to about 13 weeks, with demand clearly cooling. It expects NAND price growth to slow to about 5% in the fourth quarter, with spot prices having fallen for two consecutive months. Meanwhile, Changxin Memory Technologies (CXMT) is rapidly expanding production capacity, and supply and demand are gradually balancing. The report also indicates that if the NAND market weakens, DRAM should also be viewed bearishly, and it predicts that the HBM market growth rate will be limited to about 40%.Jukan stated that he has verified the authenticity of the report with sources and noted that Shawn Kim has consistently held similar views recently, which could be one of the reasons for the recent sustained pullback in South Korea's KOSPI index.

Factor Meanwhile Memory

2026-07-23 16:43

$3.5 Billion Debt Financing: Galaxy Digital to Support Data Center Projects

sources familiar with the matter revealed Galaxy Digital Inc. plans to issue approximately $3.5 billion in high-yield bonds for the first time, aiming to fund data center projects associated with CoreWeave Inc. According to the sources, Galaxy Digital is marketing the bond issuance to investors at a yield of around 9%. Morgan Stanley and Goldman Sachs are acting as underwriters for this issuance, with pricing expected to be finalized on Thursday. The sources requested anonymity as the information has not yet been made public.

Center CoreWeave Galaxy Galaxy

2026-07-23 10:28

Morgan Stanley: Software Sector Overly Pessimistic, List of 8 High-Conviction Picks Unveiled

According to TechFlow Research, Morgan Stanley's July 21 software industry report pointed out that the software sector has underperformed the Nasdaq by 40% and the S&P 500 by 30% over the past two years. Market concerns about AI disruption have been overpriced, and Morgan Stanley maintains an "Attractive" rating for the software industry.

Conviction Market Picks

2026-07-22 15:39

大摩：央行购金加速但 ETF 缺席，金银反弹需等买盘回归

据潮向研究，摩根士丹利 7月 20 日贵金属报告指出，央行购金正在加速，中国 6 月买入 14.9 吨黄金，为 2023年 10 月以来最大单月增持，连续第 20 个月买入，今年累计买入 40.1 吨已超去年全年。波兰、乌兹别克斯坦同步增持。但黄金 ETF 在6 月流出 74 吨，北美为主要出货区，年初至今北美 ETF 净卖出 60.5 吨。央行买盘与 ETF 抛售相互抵消，金价卡在 4000 美元附近。白银年内跌约 23%，远大于黄金的 8%，光伏用银走弱叠加 ETF 卖出形成双重压力。 摩根士丹利认为金银反弹的关键在于 ETF 买盘何时回归，而 ETF 回归取决于美联储能否避免加息。大摩经济学家团队预计通胀将继续回落、美联储今年按兵不动。若判断成立，ETF 买盘最早四季度回归，金价看到 4450 美元/盎司（约+11%），银价看到 65 美元/盎司（约+16%）。若地缘冲突推高油价导致美联储被迫加息，金银下行风险将重新打开。

2026-07-22 14:15

Morgan Stanley: Semiconductor Pullback Not Yet Ended, Capital Flowing to Consumer and Transportation

According to TechFlow Research, Morgan Stanley released a weekly US stock strategy report on July 20. The report pointed out that the trend of market breadth expansion continues, and the momentum trading risks in the semiconductor sector have not yet been fully released. The silver stock price analogy model shows that semiconductors may have about 15% downside potential in the short term, and earnings revision breadth has retreated from historical extremes. Over the past two months, the consumer durables and transportation sectors outperformed the S&P 500 by approximately 12 percentage points respectively, and the equal-weight index continues to outperform the market-cap weighted index. In terms of allocation, Morgan Stanley continues to recommend overweighting cloud providers (Microsoft, Google, Meta, Amazon) and underweighting semiconductors within the technology sector. The equal-weighted P/E ratio of the four major giants has fallen back to 21 times. Consumer durables and transportation are the clearest directions for capital inflows, with the earnings revision breadth of the transportation sector reaching the strongest level since 2021. Market style is gradually shifting towards quality factors, with earnings revision breadth for high gross margin and high sales stability factors continuing to strengthen. The S&P 500 year-end target is 8,000 points, with 7,000 points being a key technical support level.

Market