Morgan Stanley’s MSBT Bitcoin ETF Debuts with $34M in First-Day Trading Volume

Banking large Morgan Stanley’s long-awaited spot Bitcoin ETF, MSBT, began buying and selling yesterday on NYSE Arca.

And on its first day, it pulled in about $34 million in buying and selling quantity and noticed over 1.6 million shares traded.

Morgan Stanley Debuts Low-Fee BTC ETF

ETF analyst Eric Balchunas had described MSBT’s debut as “arguably the most important Bitcoin ETF launch since they started,” giving it a first-year AUM goal of $5 billion.

Halfway by means of its first buying and selling session, Balchunas reported that the product had reached $27 million, and this was after he had estimated it could hit $30 million, earlier than revising his projection to $50 million, which he stated would put the debut in the highest 1% of ETF launches. Eventually, it added one other $7 million to shut the day, drawing $34 million in complete.

The fund launched with a 0.14% payment, which NovaDius Wealth President Nate Geraci called “the bottom price spot BTC ETF on market.” That pricing undercuts opponents comparable to BlackRock’s IBIT, which prices 0.25%, and Grayscale’s Bitcoin Mini Trust at 0.15%.

Allyson Wallace, Morgan Stanley’s international head of ETFs, told Bloomberg that the low payment was a deliberate technique meant to indicate the financial institution’s dedication to the product. According to her, demand has been high, particularly from high-net-worth buyers.

On-chain and fund move information assist her sentiment, with Bitcoin ETF monitoring account HODL15Capital reporting that MSBT bought 430 BTC on its first day.

ETF Flows Remain Uneven

It has been a blended interval for spot Bitcoin ETFs, with SoSoValue’s information displaying complete web outflows of about $124 million throughout the funds yesterday. Before that, the funds collectively misplaced $159 million, breaking a two-day inexperienced run from final Thursday that noticed about $480 million in web inflows.

Meanwhile, BTC itself is buying and selling simply above $71,000, shaving off virtually $1,800 from a three-week peak close to $73,000 that it hit after studies emerged that Iran would require ships transiting the Strait of Hormuz to pay a toll in Bitcoin.

Morgan Stanley’s entry additionally builds on earlier filings disclosed in January 2026, when the financial institution submitted proposals for Bitcoin and Solana-linked funds. At the time, studies pointed to a broader shift amongst massive monetary establishments shifting from distributing third-party merchandise to issuing their very own.

MSBT’s construction displays that transition. The fund combines conventional custody by means of BNY Mellon with crypto-native infrastructure from Coinbase, whereas providing publicity to Bitcoin value actions with out requiring direct possession of the asset.

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