Morgan Stanley has bought Bitcoin for three consecutive days, bringing its holdings to approximately $400 million. The bank launched its MSTU Bitcoin ETF in April and now also offers Ethereum and Solana ETFs, positioning itself as one of the major crypto ETF issuers for institutional investors. This accumulation comes as Bitcoin hovers around the $64,000 mark amid market volatility. Market analysts are questioning the motivations behind these purchases, between genuine conviction in the asset and seeking liquidity.
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