Morgan Stanley’s MSBT Bitcoin ETF Draws $34 Million on First Day as Low Fee Stands Out

YM Lee

Summary

Morgan Stanley’s spot Bitcoin ETF MSBT recorded about $34 million in net inflows on its first day of trading.
MSBT tracks the CoinDesk Bitcoin Benchmark Index and offers one of the market’s lowest-cost structures with a 0.14%% fee.
The market sees low fees and Morgan Stanley’s wealth-management network helping it attract some existing ETF assets, though its long-term growth will depend on additional inflows.

Forecast Trend Report by Period

Morgan Stanley’s spot Bitcoin exchange-traded fund drew investor inflows on its first day of trading, attracting market attention.

CoinDesk reported on Aug. 8 that Morgan Stanley’s Bitcoin ETF, MSBT, recorded about $34 million in net inflows on its debut.

More than 1.6 million shares traded on the first day, pointing to relatively strong early demand. MSBT tracks the CoinDesk Bitcoin Benchmark Index and charges a 0.14% fee, giving it one of the lowest-cost structures in the market.

Morgan Stanley’s wealth-management network is a key advantage. Its client base accounts for trillions of dollars in assets, and its broad financial adviser network could help expand investor inflows.

Competition from established ETFs remains a factor. BlackRock’s IBIT currently holds more than $53 billion in assets, giving it a commanding market share.

Market participants say MSBT could attract some money from existing ETFs, supported by its low fee and Morgan Stanley’s distribution network. Its longer-term growth, however, will depend on whether it can sustain further inflows.

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