Morgan Stanley is making its mark in the Bitcoin ETF market. Despite the unstable market environment, the company continues to buy Bitcoin steadily.

As it actively increases its holdings of Bitcoin, Morgan Stanley is approaching a new milestone: its Bitcoin ETF position continues to grow, approaching $1 billion.

Morgan Stanley holds 10,519 bitcoins

The latest data shared by blockchain intelligence firm Arkham shows that Morgan Stanley's Bitcoin fund, named MSBT, currently holds approximately 10,519 Bitcoins BTC after its most recent purchase.

The source confirmed that among the wallets associated with this fund, Morgan Stanley's rapidly growing Bitcoin holdings are currently valued at approximately $903.86 million, and this is just about five months since the fund was launched.

Based on the current level, Morgan Stanley would only need to hold less than $100 million in Bitcoin to reach the milestone of $1 billion.

While Morgan Stanley continues to steadily expand its Bitcoin exposure through its ETF, the fund may reach this important milestone this month.

Morgan Stanley shows strong growth momentum

Further data from Arkham shows that Morgan Stanley has achieved a considerable growth rate, as the fund has only been traded for about five months since its launch.

The source confirmed that Morgan Stanley's Bitcoin ETF began trading on NYSE Arca in April of this year. As a result, Morgan Stanley has been able to directly enter the rapidly expanding US spot Bitcoin ETF market.

Arkham was able to publicly identify addresses related to this fund within just one week of its launch, allowing market observers to track the fund's Bitcoin holdings and monitor changes in its reserves.

Therefore, they confirmed that the fund has accumulated nearly $1 billion worth of Bitcoin in just five months.