Morgan Stanley Bitcoin Trust Debuts with $30.6M in Inflows
- The Morgan Stanley Bitcoin Trust (MSBT) achieved $30.6 million in inflows on its first trading day.
- MSBT started trading on the NYSE Arca, generating a total trading volume of $34 million.
- As of April 8, MSBT held approximately 444.4 Bitcoin (BTC), valued at around $31.7 million.
- Total outflows from US spot Bitcoin ETFs reached $124.5 million over two days, including $11 million from the Grayscale Bitcoin Trust ETF (GBTC).
- MSBT’s debut was modest compared to earlier launches like GBTC and IBIT, which recorded opening day volumes of $2.3 billion and $1 billion respectively.
Morgan Stanley’s entry into the Bitcoin ETF market signals ongoing interest from traditional finance, despite arriving later than competitors like BlackRock and others that set higher benchmarks for first-day demand.
With its initial inflows of $30.6 million, MSBT is positioned as one of the notable ETF launches in recent times, although it trails significantly behind earlier entrants in terms of volume and inflows.(Source)
