Morgan Stanley’s Bitcoin Wallets Are Now Publicly Accessible
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Arkham Intelligence has unveiled the on-chain wallets associated with Morgan Stanley’s newly launched Bitcoin ETF, allowing the public to observe the bank’s Bitcoin holdings in real time.
The Morgan Stanley Bitcoin Trust (MSBT) made its market debut on NYSE Arca on April 8, becoming the first spot Bitcoin ETF introduced by a prominent U.S. bank.
With Arkham’s blockchain analysis, the custodian wallets for MSBT have been accurately identified, enabling users to track Bitcoin transactions as they occur on the blockchain.
Arkham expressed their findings, noting that Morgan Stanley’s Bitcoin presence is now distinctly traceable. Users can follow the BTC movements as they are recorded on-chain.
Importantly, traditional finance typically adheres to a T+1 settlement cycle, meaning that the on-chain confirmations will reflect activities from the previous day rather than current transactions. Therefore, wallet data is somewhat delayed, capturing movements from yesterday.
Since its inception, MSBT has amassed approximately $102.79 million in Bitcoin, securing around 1,348 BTC in its holdings.
Bloomberg’s ETF analyst, Eric Balchunas, highlighted the strong debut of MSBT, positioning it among the top 1% of ETF launches in the past year, evidencing substantial interest and trading activity.
On the trading day of its launch, the volume surpassed $27 million, exceeding expectations for a total of $30 million and potentially reaching around $50 million—an impressive feat considering the recent history of ETF launches.
One of the key factors contributing to MSBT’s appeal is its competitive fee structure. Charging only 0.14% in annual fees, it undercuts BlackRock’s iShares Bitcoin Trust, which charges 0.25% and currently leads the market with significant assets under management.
Morgan Stanley’s wealth management division employs a large team of about 16,000 advisors managing $9.3 trillion in client assets. Even a slight shift in investment focus towards MSBT could lead to significant capital inflows over time.
Digital asset custodians for this fund include Coinbase and BNY Mellon, while Goldman Sachs and Charles Schwab are reportedly gearing up to introduce their competing crypto offerings. This intensifies the competitive landscape and could influence fee structures moving forward.
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