Morgan Stanley's MSBT Bitcoin ETF Launches with Strong Trading Volume

Morgan Stanley's Bitcoin ETF, MSBT, made its debut on NYSE Arca with a trading volume of $34 million in its first day. The fund has been touted as one of the most highly anticipated launches in recent history, and it appears to have lived up to expectations.

The low fee of 0.14% is expected to be a major draw for investors, making MSBT the lowest-cost spot BTC ETF available. This pricing is lower than that of competitors such as BlackRock's IBIT and Grayscale's Bitcoin Mini Trust, which charge fees of 0.25% and 0.15%, respectively.

Analysts had predicted high demand for the product, with some estimates suggesting it could reach $5 billion in assets under management within the first year. The fund's structure combines traditional custody through BNY Mellon with crypto-native infrastructure from Coinbase, offering exposure to Bitcoin price movements without requiring direct ownership of the asset.