Bitcoin: Morgan Stanley adds over $7M, but BTC closes lower again

Bitcoin recorded two consecutive lower daily closes after facing rejection at $82,000.

BTC fell to $78,000 before recovering slightly. At press time, Bitcoin traded around $79,621, down 1.6% daily. Its Trading Volume also declined 18%, reflecting slower market activity.

Despite weakening price momentum, institutional investors continued accumulating Bitcoin.

Why is Morgan Stanley buying Bitcoin?

Bitcoin [BTC] continued attracting considerable institutional capital. AMBCrypto earlier reported $730 million in net Spot Bitcoin ETF inflows.

Morgan Stanley was among the institutions increasing its exposure.

According to Onchain Lens, its MSBT Bitcoin ETF withdrew another 94.56 BTC from Coinbase Prime. The purchase was worth $7.54 million.

Over four days, the ETF received 355.33 BTC, valued at approximately $28.3 million. That accumulation aligned with stronger demand across the broader ETF market.

Spot Bitcoin ETFs recorded net inflows for three consecutive days. The latest session attracted $174 million.

On top of that, Bitcoin’s Coinbase Premium Index supported the institutional demand narrative. The metric turned positive on the 4th of September after remaining negative for one week.

A positive Coinbase Premium Index suggested stronger buying pressure from Coinbase investors relative to Binance traders.