Morgan Stanley Executive Says Early MSBT Inflows Were Mostly Self-Directed

Amy Oldenburg of Morgan Stanley said at Consensus 2026 that nearly all activity in the first one to two weeks after the MSBT launch came from self-directed investors.

Summary

Amy Oldenburg of Morgan Stanley said the early inflows into MSBT were driven primarily by self-directed investors, stating that "almost all" activity during the first week or two came through that channel. She made the remarks during an appearance at Consensus 2026 on the Anchorage Digital Mainstage. The comment indicates that the product’s initial demand was led by clients making their own investment decisions rather than adviser-led allocation, a distinction that can help explain early adoption patterns for newly launched crypto investment products.

Terms & Concepts
  • Self-directed investors: Investors who make their own trading and portfolio decisions without relying on a financial adviser’s direct recommendation.
  • Inflows: Net money entering an investment product or fund over a given period, often used to gauge investor demand.
  • Consensus 2026: A cryptocurrency industry conference where executives, builders, and policymakers discuss digital asset market developments.