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Morgan Stanley’s Bitcoin ETF Draws $33.9 Million on Day One
MSBT drew more than $25 million in first-half-day trading as Morgan Stanley became a late entrant among major U.S. banks.
- On Wednesday, Morgan Stanley launched MSBT, its new spot Bitcoin ETF, featuring an industry-low sponsor fee of 0.14%.
- While a slew of Bitcoin ETFs hit the market since 2024, major U.S. banks previously remained on the sidelines; Morgan Stanley is one of the largest institutions to enter the fray.
- The fund recorded more than 1.6 million shares traded and about $34 million in inflows on launch day, with Bloomberg senior ETF Analyst Eric Balchunas ranking the debut in the top 1% of all ETF launches.
- Morgan Stanley will now direct clients to its own product, with Coinbase Institutional co-CEO Brett Tejpaul stating, "Institutional priorities have matured; MSBT is the clear response to this second wave of digital asset adoption."
- The bank's crypto plans extend beyond Bitcoin, as it filed for Ethereum and Solana trusts in January; CoinShares senior research associate Luke Nolan noted the "risk of being first is gone," yet other banks remain hesitant.
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Morgan Stanley's MSBT Debuts as the Cheapest Spot Bitcoin ETF, Logs $34 Million on Day One
Morgan Stanley's MSBT launched with $34 million in first-day net inflows and the lowest fee in the U.S. spot bitcoin ETF market — making the bank's 16,000-advisor distribution network its biggest competitive weapon.
Coverage Details
Total News Sources36
Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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