Morgan Stanley MSBT-Related Address Receives 487 BTC Over Week

On-chain tracking account Onchain Lens reported that approximately 487 BTC has been deposited into a Morgan Stanley Bitcoin Trust (MSBT) related address over the past week. The on-chain data platform valued the amount at $38.45 million (approximately 51.6 billion KRW). WuBlockchain cited Onchain Lens, reporting that an MSBT-related address received an additional 48.712 BTC from Coinbase Prime.

However, on-chain address movements alone cannot definitively confirm new ETF purchases or investor fund inflows. MSBT is a Morgan Stanley exchange-traded product that tracks Bitcoin (BTC) price and claims to hold actual bitcoin in its holdings.