Addresses Labeled as MSBT Bitcoin ETF Withdraw 1,146 BTC Worth About $96.4 Million
Morgan Stanley's MSBT Bitcoin ETF withdrew 1,146.118 BTC (approx. $96.4M) from Coinbase Prime in two transactions over 24 hours, ending Sept. 24, according to blockchain data.
How this was made

The 30-second read
Why it matters
The disclosed outflow is the first public report of this activity, indicating possible redemption pressure.
Market read
Newly disclosed large Bitcoin withdrawal from a major ETF could influence ETF pricing and broader crypto market sentiment.
What to watch
Potential regulatory or custodial considerations influencing the outflow.
Background
MSBT is a U.S.-listed Bitcoin ETF managed by Morgan Stanley, holding Bitcoin on Coinbase Prime.
Ticker impact
Morgan Stanley's MSBT Bitcoin ETF withdrew ~1,146 BTC (~$96.4M) from Coinbase Prime.
Possible short-term price dip for MSBT as assets are removed.
The withdrawal size is material and newly disclosed, indicating active management of holdings.
Market effects
May affect other crypto ETFs and Bitcoin market sentiment.
U.S. crypto investment products.
Highlights ongoing institutional activity in Bitcoin.
Counterpoint
The withdrawal could be a strategic move to lock in gains before a market correction.
Key entities
- InstitutionMorgan Stanley
Manager of the MSBT Bitcoin ETF.
- CustodianCoinbase Prime
Platform from which the Bitcoin was withdrawn.





