Arkham Intelligence has identified the on-chain wallets behind Morgan Stanley’s new Bitcoin (BTC) ETF. A bank’s holdings of Bitcoin can now be publicly tracked in near real-time.
The Morgan Stanley Bitcoin Trust (MSBT) began trading on the NYSE Arca exchange on April 8. It is the first Bitcoin spot ETF issued by a major US bank.
Arkham makes MSBT Holdings visible
Arkham’s blockchain analytics team It has been identified The wallets used by MSBT are highly meticulous before being verified. Users can now monitor BTC inflows and outflows as they are settled on-chain.
However, traditional financing operates on a T+1 settlement cycle. Confirmations appear on-chain one day after allocation decisions are made. This structural lag means that portfolio data reflects yesterday’s movements, not today’s movements.
Since its launch, MSBT purchased approximately $102.79 million worth of BTC. The value of the on-chain holdings is approximately 1,348 BTC.
Bloomberg ETF analyst Eric Balchunas ranked in the top 1% of all ETFs launched over the past year.
Low fees target BlackRock’s progress
MSBT charges an annual fee of 0.14% Lowest among US Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) charges 0.25% fees and leads the market with nearly $57 billion in assets under management.
Morgan Stanley’s wealth management arm It employs about 16,000 consultants Overseeing $9.3 trillion in client assets. Even a modest shift in allocation toward MSBT can generate significant inflows over time.
Coinbase and BNY Mellon act as custodians of the fund’s digital assets. Goldman Sachs and Charles Schwab are reportedly preparing Competitive encryption productsSuggesting that further fee pressures may follow.
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