Morgan Stanley’s Bitcoin ETF Goes Live With Massive Inflow
Morgan Stanley’s spot Bitcoin (BTC) ETF started buying and selling on NYSE Arca beneath the ticker MSBT, logging 1.6 million shares and roughly $34 million in inflows on its first day.
The launch makes Morgan Stanley the primary main US financial institution to challenge a spot Bitcoin ETF beneath its personal title.
Cheapest BTC ETF Enters a Crowded Field
MSBT charges a 0.14% expense ratio, undercutting BlackRock’s iShares Bitcoin Trust (IBIT) at 0.25%.
The fund joins greater than 10 spot Bitcoin ETFs launched over the previous two years, which collectively command over $85 billion in belongings.
Bloomberg ETF analyst Eric Balchunas projected MSBT may attain $50 million in first-day quantity. He positioned it among the many high 1% of all ETF launches previously yr.
Distribution Power vs. Liquidity
Morgan Stanley employs roughly 16,000 wealth administration advisors overseeing $9.3 trillion in shopper belongings.
That community offers MSBT a distribution advantage no earlier Bitcoin ETF issuer has matched.
Nate Geraci, president of NovaDius Wealth Management, referred to as distribution “king within the ETF house” and mentioned Morgan Stanley’s advisor community mixed with the bottom payment creates a powerful components.
The financial institution additionally plans to launch retail crypto buying and selling on E-Trade within the first half of 2026, making a multi-channel strategy to digital asset entry.
Whether MSBT can sustain momentum against IBIT’s deep liquidity and choices market dominance will decide if Wall Street’s entry reshapes the aggressive steadiness.
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