Morgan Stanley's MSBT Bitcoin ETF Launches with Strong Inflows and Competitive Fee

Morgan Stanley has made a significant move into the digital asset market with the launch of its MSBT Bitcoin ETF on NYSE Arca. The fund, which offers a competitive 0.14% fee, attracted $34 million in net inflows on its first day of trading.

The launch of MSBT marks a major milestone for Morgan Stanley, as it becomes the first major U.S. commercial bank to issue its own spot bitcoin ETF directly. The fund holds physical bitcoin and tracks the Coindesk Bitcoin Benchmark 4 PM NY Settlement Rate.

Bloomberg analyst Eric Balchunas has praised the launch, calling it 'arguably the biggest bitcoin ETF launch since they began.' He projects that the fund could reach $5 billion in assets under management within its first year.