Morgan Stanley Bitcoin Trust drew $371.1 million in 85 days, held 6,675 BTC

Morgan Stanley Bitcoin Trust, or MSBT, recorded about $371.1 million in subscription contributions within 85 days of listing, according to a regulatory filing, including about $200.3 million in cash and about $170.8 million in Bitcoin. The filing showed net assets fell by about $66.8 million mainly because of roughly $66.17 million in unrealized Bitcoin depreciation, while redemption distributions were only about 1.42% of total subscription contributions. Separately, Arkham monitoring data indicated Morgan Stanley added about 111.762 BTC worth about $7.03 million through MSBT, lifting tracked holdings above 6,600 BTC for the first time to 6,675 BTC, valued at more than $420 million.

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