Morgan Stanley’s Spot Bitcoin ETF May Draw $30 Million on Debut, Bloomberg Analyst Says
Summary
- Eric Balchunas said Morgan Stanley’s spot Bitcoin ETF could attract $30 million in inflows on its first day of trading.
- He said the ETF’s 0.14%% fee is lower than those of existing low-cost rivals, giving it a strong fee advantage in attracting early inflows.
- Balchunas said the fund could reach $5 billion in assets under management (AUM) after one year, and that Morgan Stanley’s distribution network makes its chances of success very high.
Forecast Trend Report by Period
Morgan Stanley’s spot Bitcoin exchange-traded fund could attract $30 million on its first day of trading, according to a Bloomberg ETF analyst.
Eric Balchunas wrote on X on Aug. 7 that projections for roughly $30 million in first-day trading volume for the Morgan Stanley Bitcoin ETF do not appear far-fetched. The fund’s 0.14% fee is lower than those of existing low-cost rivals, giving it an edge in attracting early inflows.
Balchunas also said the fund could reach $5 billion in assets under management a year after launch. That would hinge on whether Morgan Stanley’s distribution network is fully opened up, though he added that the target is optimistic but not impossible.
Morgan Stanley’s spot Bitcoin ETF listed on NYSE Arca that day. Nate Geraci, president of The ETF Store, wrote that distribution is critical in the ETF market, and Morgan Stanley has a clear advantage on that front because of its broad asset-management network. Combined with the fund’s position as the cheapest spot Bitcoin ETF on the market, its odds of success are very high, he added.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
