business / news / / Bitcoin Magazine
Morgan Stanley has entered the spot bitcoin ETF market with the launch of its Bitcoin Trust (MSBT) MSBT carries a 14 basis point fee, undercutting many existing.
Morgan Stanley launched its Bitcoin Trust (MSBT) ETF with a 14 basis point fee.
KEY POINTS
- MSBT debuted with $30.6 million in net inflows and $34 million in trading volume.
- Despite MSBT's launch, U.S. spot bitcoin ETFs saw $94 million in net outflows Wednesday.
- BlackRock’s IBIT attracted $40.4 million in inflows, reinforcing its dominance among spot bitcoin ETFs.
- Fee compression is intensifying, with new entrants like MSBT undercutting existing ETF products.
COMPANIES
Summarized by Newsio from Bitcoin Magazine. How we summarize →