Morgan Stanley's Wallets Fully Exposed...Market 'Stunned' by Real-Time ETF Wallet Disclosure

▲ Bitcoin (BTC), cryptocurrency wallet/ChatGPT generated image

Market attention is focused as Morgan Stanley's spot Bitcoin (BTC) ETF asset flows are being revealed virtually in real-time on-chain.

Virtual asset analysis platform Arkham Intelligence announced that it has identified the on-chain wallet used by Morgan Stanley's Bitcoin ETF, 'Morgan Stanley Bitcoin Trust (MSBT)'. This allows investors to directly track the inflows and outflows of Bitcoin for the ETF on the blockchain.

MSBT began trading on April 8th on the NYSE Arca. As the first spot Bitcoin ETF issued by a major U.S. bank, it garnered market attention immediately after its launch.

Arkham explained that it had identified and verified MSBT's custody wallets with high accuracy in advance. However, due to the T+1 settlement structure of traditional financial systems, there is a one-day time lag in on-chain data. The actual asset allocation is reflected on the blockchain one day later.

Since its launch, MSBT has reportedly purchased approximately $102.79 million worth of Bitcoin. Its current on-chain holdings are approximately 1,348 BTC.

Bloomberg ETF analyst Eric Balchunas evaluated MSBT's initial performance as being in the top 1% among ETFs launched in the past year.

Its competitive fee structure is also noteworthy. MSBT's annual management fee is 0.14%, which is the lowest among U.S. spot Bitcoin ETFs. This is lower than BlackRock's iShares Bitcoin Trust (IBIT), which charges a 0.25% fee. IBIT leads the market, managing approximately $57 billion in assets.

Morgan Stanley's wealth management division manages $9.3 trillion in client assets through approximately 16,000 advisors. Analysis suggests that even if only a portion of these funds moves into MSBT, significant capital inflows could occur.

Meanwhile, Coinbase and BNY Mellon are responsible for the digital asset custody of this ETF. Major financial institutions such as Goldman Sachs and Charles Schwab are also reportedly preparing to launch similar cryptocurrency products, suggesting that the fee reduction competition in the ETF market is expected to intensify further.

*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.*