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▲ Bitcoin (BTC), Morgan Stanley/ChatGPT generated image
The scale of Bitcoin assets held by Morgan Stanley, a major Wall Street investment bank, has reportedly surpassed $100 million, signaling the full-fledged entry of traditional financial institutions into the virtual asset market.
According to U.Today, a cryptocurrency specialized media outlet, citing data from on-chain data analytics platform Arkham on April 21 (local time), Morgan Stanley currently holds Bitcoin (BTC) worth $138.54 million. This is the largest amount among banks registered on Arkham.
Morgan Stanley is rapidly expanding its presence in the virtual asset market by launching the first Bitcoin-tracking ETF (MSBT) among Wall Street investment banks earlier this month. The product garnered significant market interest, attracting over $100 million in its first week after its launch on April 8.
This move demonstrates that traditional financial institutions are embracing blockchain technology and tokenization infrastructure as core elements of the existing financial system. Morgan Stanley recently launched a digital asset pilot program in collaboration with Zero Hash to support major cryptocurrency transactions for eTrade customers.
Deutsche Bank, a major European bank, also emphasized in a recent report that virtual asset adoption in the U.S. is rapidly recovering, and Bitcoin remains a key investment asset leading the market.
Bitcoin showed a bullish trend on Tuesday, rising to $76,926 during intraday trading, but has since fluctuated around $75,890. This is approximately 40% lower than its all-time high of $126,000 recorded in October last year.
The market anticipates that Bitcoin is likely to challenge its previous high again as institutional investor demand gradually recovers. The inclusion of assets by major financial institutions like Morgan Stanley, in particular, acts as a key variable in boosting market confidence.
Morgan Stanley plans to enhance its asset management services by utilizing on-chain finance in the future. Its strategy to use blockchain not as a technology to replace the existing financial order, but as an infrastructure to improve and expand it, is becoming clear. The entry of traditional financial giants into the virtual asset market is now considered to have moved beyond the trial phase into actual asset management.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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