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Adrian Fritz, Chief Investment Officer of 21Shares, stated that spot Bitcoin ETFs continue to attract capital inflows, reinforcing Bitcoin's core position in institutional asset allocation, even as the price remains volatile below the $80,000 mark. Adrian Fritz pointed out that since the beginning of this year, Bitcoin ETFs have absorbed nearly $2 billion in funds, sourced from retail investors, institutions, and hedge funds engaging in arbitrage and options strategies. He believes that as traditional asset management institutions like Morgan Stanley accelerate their deployment, crypto assets are being more broadly incorporated into multi-asset portfolio allocations. Bitcoin's current daily trading volume has exceeded $50 billion, with liquidity levels approaching those of large-cap tech stocks like Nvidia. The ETF mechanism simultaneously provides primary and secondary market liquidity, gradually granting it "institutional-grade asset" attributes.Although the market remains under pressure from macroeconomic conditions and interest rate environments, Adrian Fritz believes that ETF inflows have shifted from being speculation-driven to structural demand. He predicts that driven by factors such as improving geopolitical conditions, sustained capital inflows, and short covering, Bitcoin could challenge the $100,000 threshold this year. Meanwhile, differentiation among altcoins is intensifying, with the market shifting towards an asset selection logic that places greater emphasis on fundamentals and cash flow. (CoinDesk)
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Bitcoin mining company Core Scientific has announced the transformation of its mining facility in Pecos, Texas, into a high-density AI colocation data center, with a planned total power capacity of 1.5GW, of which approximately 1GW will be available for external leasing. As part of this transition, about 300MW of the site's mining capacity will be reallocated for data center operations. The first data hall has completed foundation work and entered the main construction phase, with operations expected to commence in early 2027.To support the expansion plan, the company has acquired over 200 acres of land locally and intends to raise over $4 billion in total through the issuance of $3.3 billion in senior secured notes and a previously secured $1 billion credit facility from Morgan Stanley. These funds will be used to advance data center construction in Texas, Georgia, North Carolina, and Oklahoma. (Cointelegraph)
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Odaily Bernstein stated in a research report that the cryptocurrency market is currently showing signs of fundamental strengthening. Analysts pointed out that Bitcoin has formed a bottom near $60,000 and is now advancing toward the $80,000 mark. Institutional capital inflows, MicroStrategy's continued accumulation of Bitcoin through STRC products, and the deep integration of blockchain with financial infrastructure collectively create an asymmetric upside potential.Bernstein emphasized that new distribution channels from Morgan Stanley's Bitcoin ETF and Charles Schwab's spot trading platform have broadened participation. Currently, approximately 60% of Bitcoin's supply has not moved in over a year, with institutional demand reinforcing its holding base. Additionally, stablecoin supply has reached a record high of $300 billion, with its payment and settlement demand decoupling from market sentiment. The tokenized real-world asset sector has grown 110% year-over-year to $345 billion. Although quantum computing poses a long-term risk, analysts believe the industry has ample time to undergo a secure transition.
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According to The Block, Bernstein analysts stated in their latest report that the fundamentals of the crypto market are continuously improving. Bitcoin’s recent low of $60,000 has formed a clear bottom, and with the current price approaching $80,000, a longer-term structural bull market is likely, driven by institutional demand. Bernstein analyst Gautam Chhugani highlighted the following key drivers: • Ongoing expansion of institutional channels: Morgan Stanley’s Bitcoin ETF and Charles Schwab’s spot Bitcoin/Ethereum trading platform have both recently launched; approximately 60% of Bitcoin supply has remained unmoved for over one year, indicating a stabilizing holder structure; • Persistent accumulation by Strategy: Its STRC perpetual preferred stock product has attracted yield-oriented investors, and its current holdings stand at 818,334 BTC; • Stablecoin demand hits an all-time high: Stablecoin supply has surpassed $30 billion, decoupling from the crypto market’s price cycle and reflecting sustained real-world payment and settlement demand; • Tokenized real-world assets accelerating growth: Tokenized private credit and Treasury assets now total $34.5 billion, representing a 110% year-on-year increase. Bernstein also cautioned that quantum computing poses a long-term potential risk, though it expects the blockchain ecosystem to have ample time to complete the transition to post-quantum security.
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According to data from Trader T (@thepfund), yesterday’s net inflow into Bitcoin spot ETFs stood at $14.47 million, a sharp decline from the $231.6 million recorded on April 23. By product: BlackRock’s IBIT saw inflows of $22.9 million, and Morgan Stanley’s MSBT recorded $11.13 million—top performers on the day; Fidelity’s FBTC experienced outflows of $1.69 million, Bitwise’s BITB saw $8.85 million in outflows, and ARK’s ARKB recorded $9.02 million in outflows; Invesco, Franklin, Valkyrie, VanEck, WisdomTree, and Grayscale’s respective products all reported zero net flows for the day.
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according to Arkham monitoring, the on-chain wallet address of Morgan Stanley's spot Bitcoin exchange-traded fund, Morgan Stanley Bitcoin Trust (MSBT), increased its holdings by 120.413 BTC five hours ago, valued at $9.35 million. As of now, MSBT's total Bitcoin holdings have reached 1,834 BTC, worth approximately $142 million.
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According to CoinDesk, Morgan Stanley Investment Management (MSIM) has officially launched the “Stablecoin Reserve Portfolio” (MSNXX), a government money market fund specifically designed for stablecoin issuers. The fund invests exclusively in highly liquid instruments such as U.S. Treasury securities and repurchase agreements backed by government securities, targets a net asset value of $1.00, and offers daily liquidity. This move aims to provide stablecoin issuers with a compliant, low-risk custodial solution for reserve assets.
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According to Trader T (@thepfund), yesterday’s Bitcoin spot ETFs recorded a net inflow of $223 million: BlackRock’s IBIT led with $167 million, Ark’s ARKB followed with $71.22 million, and Morgan Stanley’s MSBT saw $9.36 million in inflows. Fidelity’s FBTC experienced an outflow of $16.93 million, Bitwise’s BITB an outflow of $7.6 million, and VanEck’s HODL an outflow of $5.5 million; all other products remained flat.
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According to on-chain analyst Onchain Lens (@OnchainLens), approximately one hour ago, Morgan Stanley increased its Bitcoin holdings by 143.34 BTC, valued at $11.17 million, bringing its total Bitcoin holdings to 1,964 BTC.
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According to data from Trader T (@thepfund), yesterday’s net inflow into Bitcoin spot ETFs totaled $331.9 million. Among them, BlackRock’s IBIT recorded a net inflow of $246.9 million—accounting for approximately 74% of the day’s total inflow; Fidelity’s FBTC saw a net inflow of $56.69 million; Bitwise’s BITB, $15.43 million; Ark’s ARKB, $11.91 million; Morgan Stanley’s MSBT, $11.31 million; and WisdomTree’s BTCW, $6.26 million. Grayscale’s GBTC experienced a net outflow of $16.56 million on the same day, while all other funds reported zero net inflows.
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According to on-chain analyst Onchain Lens (@OnchainLens), Morgan Stanley purchased 215 BTC four hours ago for approximately $16.43 million, bringing its total holdings to 1,820.6 BTC, valued at roughly $138.1 million.
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Odaily News Arkham posted on the X platform, stating that it has identified the on-chain wallet address of Morgan Stanley's spot Bitcoin exchange-traded fund, the Morgan Stanley Bitcoin Trust (MSBT), becoming the first platform to publicly identify the on-chain BTC holdings of this ETF, enabling users to track fund inflows and outflows in real-time.It is reported that the Morgan Stanley Bitcoin ETF was listed on NYSE Arca on April 8, with Coinbase and BNY Mellon serving as custodians. According to Arkham tracking data, it currently holds 1,348 BTC, valued at approximately $103.92 million.
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According to data from Trader T (@thepfund), yesterday’s net inflows into Bitcoin spot ETFs totaled $664 million—the highest single-day inflow in the past three months. BlackRock’s $IBIT led with $284 million, followed by Fidelity’s $FBTC at $163 million, Ark’s $ARKB at $118 million, Grayscale’s mini ETF $BTC at $29.12 million, Bitwise’s $BITB at $38.22 million, Morgan Stanley’s $MSBT at $16.63 million, VanEck’s $HODL at $6.56 million, Invesco’s $BTCO at $3.86 million, and Grayscale’s $GBTC at $4.22 million; all other products recorded zero net inflows for the day.
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According to GlobeNewswire, Bitcoin mining company and HPC data center operator TeraWulf Inc. (NASDAQ: WULF) announced on April 16 the completion of a public offering of common stock, issuing 54.51 million shares at $19.00 per share, including the full exercise of the underwriters’ over-allotment option (an additional 7.11 million shares), raising approximately $1.036 billion in total. TeraWulf stated that the proceeds will be used for the construction of its Hawesville data center campus in Kentucky, repayment of the outstanding balance under its bridge credit facility, future site acquisitions, and general corporate purposes. Morgan Stanley served as the sole book-running manager, with BofA Securities, Citigroup, TD Cowen, and Wells Fargo Securities acting as joint book-running managers.
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Odaily News Cointelegraph posted on platform X, stating that Morgan Stanley's Bitcoin Trust has accumulated net inflows exceeding $103 million within just 6 trading days since its launch, surpassing the net inflows of WisdomTree's Bitcoin Fund.
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According to FinanceFeeds, Morgan Stanley stated that real-world asset tokenization has become the “next major step” for its global business and is now a strategic priority in its initiative to upgrade traditional financial infrastructure using blockchain. The firm plans to integrate traditional and digital assets within regulated environments, advance near real-time on-chain settlement, and launch an institutional digital wallet in the second half of 2026—supporting tokenized traditional investment products as well as crypto assets such as Bitcoin, Ethereum, and Solana. Meanwhile, Morgan Stanley is also advancing the development of a tokenized private equity secondary market and building both on-chain and off-chain settlement processes.
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Odaily News: Sharon Yeshaya, Chief Financial Officer of Morgan Stanley, stated that tokenization and on-chain finance will become key evolutionary directions for its wealth management business.The company envisions a "tokenized world," where client assets and liabilities can flow as efficiently as capital through blockchain infrastructure, thereby reshaping asset allocation, lending, and cash management methods.Unlike viewing crypto as an independent business, Morgan Stanley plans to embed on-chain capabilities into its core service system, including investment advisory, financing, and liquidity management, to drive an upgrade of the overall financial architecture.This strategy is being gradually implemented through initiatives such as the digital asset pilot with ZeroHash and products like Bitcoin ETFs. Although the crypto business currently accounts for a small portion of the overall system, its position within the future wealth management framework is rapidly rising.
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According to Arkham monitoring, the Morgan Stanley-related MSBT ETF has purchased $83.6 million worth of BTC since its launch this week, and its on-chain address currently holds approximately $64.4 million worth of BTC.
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According to data from Trader T (@thepfund), yesterday’s Bitcoin spot ETFs recorded a net outflow of $291 million. By product: Fidelity’s FBTC saw the largest outflow, with a net outflow of $229 million; Ark’s ARKB recorded a net outflow of $62.89 million; Grayscale’s GBTC saw a net outflow of $38.25 million; Grayscale’s Mini BTC had a net outflow of $11.03 million; and VanEck’s HODL posted a net outflow of $2.58 million. Products posting net inflows逆势 included BlackRock’s IBIT (+$34.7 million), Bitwise’s BITB (+$11.88 million), and Morgan Stanley’s MSBT (+$6.28 million); all other products registered zero net flow for the day.
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According to Cointelegraph, JP Richardson, CEO of Exodus, stated that financial institutions have accelerated their participation in the cryptocurrency market this year—including stablecoin market capitalization reaching an all-time high, Morgan Stanley launching a Bitcoin ETF, Schwab opening a waitlist for spot Bitcoin trading, Franklin Templeton establishing a cryptocurrency division, and Fannie Mae accepting Bitcoin as collateral for loans. Unlike previous cycles, institutional investors have stood out during this bull run, while retail participation has declined sharply. Data from CryptoQuant analyst Darkfost shows that inflows into small accounts holding less than 1 BTC on Binance have hit a record low, with retail activity dropping to its lowest level in nine years. Some retail investors have shifted toward equities and commodities markets. Analysts attribute the absence of retail investors primarily to the cost-of-living crisis and inflationary pressures.
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