Morgan Stanley spot bitcoin (Bitcoin) The ETF (MSBT) began trading last week, on April 8, and so far its performance has been very positive.
It is worth noting that the fund has attracted approximately $103 million since its launch, as witnessed by Farside Investors. Data As of April 16th.
For comparison, the tree of wisdom Bitcoin ETF It has amassed $86 million in inflows since its debut in January 2024, which shows how quickly MSBT has attracted investor attention.
Of course, the fund is still far behind the dominant players in the market. For example, BlackRock’s iShares Bitcoin Trust (He will go) He witnessed more than $500 million in inflows Only in the last two days.
The cheapest Bitcoin ETF concludes its first week
Amy Oldenburg, head of digital assets at Morgan Stanley, said in an interview with… Bloomberg MSBT is already the company’s most successful ETF launch to date.
The fund tracks the CoinDesk Bitcoin Benchmark and carries an expense ratio of 0.14%, making it the cheapest financial product in its category. For example, BlackRock comes with an expense ratio of 0.25%.
In addition to pricing, MSBT benefits from the issuer’s comprehensive wealth management platform, which oversees trillions in client assets. In other words, its network of financial advisors allows investors to gain exposure to Bitcoin without relying on native cryptocurrency platforms.
All eyes are now turning to the bank’s competitors. For example, Goldman Sachs filed for the Bitcoin Premium Income ETF earlier this week, marking one of its first direct entries into the cryptocurrency space. Meanwhile, BlackRock is reportedly preparing a similar yield-focused ETF, suggesting that competition is evolving beyond simple spot exposure.
In short, the new launch, as well as upcoming releases from the likes of Goldman Sachs, shows that major financial institutions are slowly recognizing Bitcoin’s utility.
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