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Morgan Stanley's Bitcoin ETF raised $34 million on its first day, entering the competition with low fees
Morgan Stanley's spot Bitcoin ETF (MSBT) saw active trading on its first day, with over 1.6 million shares traded and approximately $34 million in capital inflow.
The fund tracks the CoinDesk Bitcoin reference price, with a fee rate of only 0.14%, the lowest among similar products, focusing on price advantages to enter market competition. In addition to the low fee rate, MSBT also relies on Morgan Stanley's vast wealth management channels, which are expected to attract traditional investors to allocate Bitcoin assets through the financial advisor system. However, the market is still dominated by leading products, such as BlackRock's IBIT, which has exceeded $53 billion in size. Industry insiders expect that MSBT may divert some existing funds in the short term, but its long-term performance will still depend on its ability to attract continuous capital inflow.
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