Morgan Stanley’s Bitcoin fund overtakes WisdomTree after 6 trading days
Cointelegraph
Morgan Stanley’s new spot Bitcoin ETF surpassed the WisdomTree Bitcoin Fund in net inflows just six trading days after its launch.Summary
The Morgan Stanley Bitcoin Trust (MSBT) has reached $103 million in total net inflows within six trading days, overtaking the WisdomTree Bitcoin Fund (WBTC), which holds $86 million. Launched on April 8 with a competitive 0.14% fee, the fund is part of a broader expansion in the crypto ETF market, which recently saw Goldman Sachs file for its own Bitcoin-linked product. Despite the growth of these assets, analysts note an overall trend of shortening lifespans for ETFs, with predictions that some underperforming crypto exchange-traded products could face liquidation by 2027.
(Source：Cointelegraph)