According to data from the blockchain platform Arkham Intelligence, Morgan Stanley’s spot Bitcoin fund ETF has continued to attract capital inflows recently. Despite still being volatile in the crypto market, this fund has recorded net inflows for three consecutive days, and there has not been a single day of net outflows in the past 20 trading days.
$32.4 million flowed in on September 23rd.
According to the data published by Arkham, on September 23, the fund recorded a net inflow of $32.4 million, and it was also the only Bitcoin ETF that achieved a net capital inflow on that day. The data reflects that some investors are still increasing their Bitcoin exposure through the ETF channels.
Continuous subscriptions also contributed to a further increase in the fund's holdings. As of September 24th, this fund held approximately 9,218 BTC, which was valued at around 775.75 million US dollars based on the market price at that time.
No net outflows in the past 20 trading days
Looking at a longer period of time, there has been no single-day withdrawal of funds from this fund in the past trading month. For the ETF product, this usually indicates that the funding situation is relatively stable, and investors have a higher tolerance for short-term fluctuations in their holdings.
The article mentions that despite recent fluctuations in the overall crypto market, the demand for Morgan Stanley's related products has not significantly weakened. Continuous net inflows have also further enhanced its presence in the Bitcoin ETF market.
Position size approaches $776 million
According to the latest statistics from Arkham, this fund's current Bitcoin holdings have approached 776 million US dollars. If subsequent subscriptions continue, its share in the spot Bitcoin ETF market may continue to expand.
Additional information:The original text only cites data from Arkham, without disclosing the composition of customers who received the additional funds, nor does it explain whether the inflow of funds is directly related to short-term price fluctuations.
