Morgan Stanley Bitcoin ETF Trades $34M On Debut
Cointelegraph
Morgan Stanley's new spot Bitcoin ETF debuted with $30.6 million in inflows and $34 million in total trading volume on the NYSE Arca.Summary
Morgan Stanley launched its first spot Bitcoin ETF, the Morgan Stanley Bitcoin Trust (MSBT), on the NYSE Arca. The fund recorded $30.6 million in inflows and $34 million in trading volume on its first day, slightly exceeding analyst expectations. While the launch marks a significant move for a traditional Wall Street bank, it remains modest compared to the industry-leading BlackRock iShares Bitcoin Trust (IBIT), which saw $40 million in inflows the same day. Despite the positive debut for MSBT, the broader US spot Bitcoin ETF market faced net outflows of $124.5 million, largely driven by selling in the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB).
(Source：Cointelegraph)