The latest data from the on-chain data platform Arkham indicates that Morgan Stanley's Bitcoin products have continued to see capital inflows recently. Despite the increased volatility in Bitcoin prices, this fund has maintained continuous buying, and the related position size has risen to over $609 million.

Consecutive multi-day net inflows

Reports show that the MSBT fund under Morgan Stanley has maintained a steady inflow of capital recently. Last Friday, the fund purchased approximately $3.8 million worth of Bitcoin again, marking the fourth consecutive trading day with capital inflows.

What is more noteworthy is that during a consecutive 11-day net inflow period, there was no single day of capital outflow from this fund. According to reports, Morgan Stanley's latest round of increased holdings amounted to approximately 62.2 million US dollars, which pushed its Bitcoin position past 609 million US dollars.

• The latest round of share purchases amounted to approximately $62.2 million.
• The total position value has exceeded 609 million US dollars.
• No outflows in a single day for 11 consecutive days

Customer demand is still supporting the buying side.

From the perspective of capital changes, the buying interest in Morgan Stanley's related products has not significantly slowed down due to short-term fluctuations. Reports suggest that this reflects the ongoing demand from its clients for Bitcoin holdings, and it also continues to enhance the bank's presence in institutional Bitcoin positions.

Such continuous subscriptions are generally seen by the market as a sign that institutional demand remains resilient, especially during periods of price volatility, when consecutive net inflows tend to attract more attention.

BlackRock also experienced outflows on the same day.

In contrast to Morgan Stanley, BlackRock recorded a Bitcoin capital outflow of approximately $19.2 million on the same Friday. The opposite direction of capital changes between the two institutions on the same day has also sparked discussions in the market about the divergence in institutional allocation rhythms.

However, based on the current information, the reports mainly reflect the differences in capital flows on a single day and over different periods, which is not sufficient to indicate that there has been a unified shift in the needs of a broader range of institutions.