Morgan Stanley's Bitcoin ETF Attracts $34 Million on First Day, Enters Competition with Low Fees

Odaily News Morgan Stanley's spot Bitcoin ETF (MSBT) saw active trading on its first day, with over 1.6 million shares traded, recording approximately $34 million in inflows.

The fund tracks the CoinDesk Bitcoin benchmark price and charges a fee of only 0.14%, the lowest among similar products, leveraging its price advantage to enter the market competition.

In addition to low fees, MSBT leverages Morgan Stanley's extensive wealth management channels and is expected to attract traditional investors to allocate Bitcoin assets through its financial advisor network.

However, the market is still dominated by leading products, such as BlackRock's IBIT, which has already surpassed $53 billion in assets. Industry insiders predict that MSBT may divert some existing funds in the short term, but its long-term performance will still depend on its ability to sustain inflows.