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Morgan Stanley Bitcoin Trust (MSBT) is the first spot Bitcoin exchange-traded fund (ETF) offered by a US bank.
Morgan Stanley's MSBT is the first spot Bitcoin ETF launched by a US bank.
KEY POINTS
- MSBT recorded $30.6 million in inflows and $34 million in trading volume on debut.
- MSBT offers the lowest fee among US spot Bitcoin ETFs, trailing only BlackRock's IBIT in inflows.
- Total US spot Bitcoin ETF flows turned negative due to large outflows from FBTC and ARKB.
- MSBT's debut volume is modest compared to the January 2024 ETF launch wave.
COMPANIES
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