Overview
- Arkham’s on-chain portfolio data shows the tracked balance at roughly 5,761 BTC after about 1,000 BTC of inflows recorded over the prior two weeks.
- The accumulation took place in multiple large transfers from Coinbase Prime custody addresses, including moves of roughly 495.8, 171.9, 166.2 and several other sizable deposits.
- Arkham links the holdings to 11 wallet addresses and labels the position as a fund or exchange-traded product, but its on-chain analysis cannot prove whether the coins are owned by Morgan Stanley, held for clients, or represent operational settlement.
- The inflows follow Morgan Stanley Wealth Management’s June referral arrangement with Galaxy Digital, which the firms say speeds in-kind onboarding of eligible high-net-worth clients into regulated spot investment products.
- The activity suggests continued institutional demand for spot Bitcoin during price weakness and will likely draw scrutiny of fund flows and official disclosures to clarify whether the moves reflect purchases, client subscriptions, or routine settlement.