Morgan Stanley Bitcoin Trust Accumulates $103 Million in Inflows

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 hours ago

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Inflows Performance: Morgan Stanley Bitcoin Trust (MSBT) has accumulated $103 million in inflows since its launch on April 8, 2024, surpassing WisdomTree Bitcoin Fund (WBTC) which has attracted $86 million since January 2024, indicating strong market appeal.
Fee Competitive Advantage: MSBT entered the market with a management fee of 0.14%, one of the lowest in the sector, undercutting Grayscale's Bitcoin Mini Trust by a single basis point, demonstrating Morgan Stanley's readiness to compete on both cost and reputation.
Market Leader Comparison: Despite MSBT's impressive start, it still trails behind BlackRock's iShares Bitcoin Trust (IBIT), which leads with $64.3 billion in inflows, while Fidelity's Wise Origin Bitcoin Fund has gathered $10.9 billion, highlighting the intense competition in the market.
Industry Expansion Trend: With Morgan Stanley's rapid growth, it is expected to challenge mid-tier funds like Invesco Galaxy and Valkyrie, while Goldman Sachs has filed with the SEC to launch its own Bitcoin ETF, further driving industry expansion.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	60112.456	63922.233	68418.446	72228.223	76724.436	80534.213	85030.426
Fibonacci	63922.233	67095.121	69055.335	72228.223	75401.111	77361.325	80534.213

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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