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commercial bank to launch a spot Bitcoin ETF.
Morgan Stanley launched the MSBT spot Bitcoin ETF, the first by a major U.S. commercial bank.
KEY POINTS
- MSBT attracted $30.6 million in inflows on its first trading day.
- MSBT's 0.14% expense ratio is the lowest among Bitcoin ETFs, undercutting BlackRock's IBIT by 11 basis points.
- Despite MSBT's launch, spot Bitcoin ETFs saw net outflows of $124.5 million on Wednesday.
- Analysts project MSBT could reach $5 billion in assets under management in its first year.
COMPANIES
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