Morgan Stanley's Bitcoin ETF Nears $1 Billion as Hyperliquid Token Tests $100 Barrier

Morgan Stanley's spot Bitcoin exchange-traded fund has accumulated more than 10,500 BTC, putting the Wall Street bank within striking distance of a $1 billion valuation milestone less than five months after the product began trading. The fund, which trades under the ticker MSBT on NYSE Arca, held approximately 10,519 BTC valued at roughly $903.86 million as of this week, according to blockchain analytics firm Arkham.

The rapid accumulation reflects a broader institutional push into regulated digital asset products, with Morgan Stanley expanding its crypto footprint well beyond a single ETF. The bank has broadened its product suite to include Ethereum and Solana exchange-traded products, launched spot crypto trading through its E*TRADE brokerage via Zero Hash, and developed a crypto lending pathway for wealth clients in partnership with Galaxy Digital.

Arkham identified the on-chain addresses linked to MSBT within a week of the fund's April debut, enabling transparent tracking of its Bitcoin reserves. Since then, the fund has made regular purchases despite volatility in the broader cryptocurrency market, suggesting a strategic accumulation approach rather than opportunistic buying. Industry analysts expect Morgan Stanley to cross the $1 billion threshold before the end of October if the current pace continues, requiring less than $100 million in additional Bitcoin exposure.