- New bitcoin ETF The MSBT of the American bank Morgan Stanley is a success, attracting more than $30 million on its first day of trading.
- In terms of inflow amount, it was second only to iShares. Bitcoin Trust (IBIT) from BlackRock with its $40 million, this topic was at the peak of popularity then.
On the day of the debut, the first one was launched Bitcoin- a fund from an American bank raised more than $30 million on Wednesday was sold 1,658,176 shares of Morgan Stanley Bitcoin Trust (MSBT) at $20,47 per share.
Bloomberg Senior Analyst Eric Balchunas call Morgan Stanley’s fund debuted successfully. On its launch day on April 8, MSBT was second only to iShares. Bitcoin Trust (IBIT) from BlackRock, which received $40 million in inflows.
Capital injections into IBIT and MSBT were not enough to offset outflows from other funds – from Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) investors withdrew $79 million and about $75 million, respectively. Grayscale Bitcoin Trust ETF (GBTC) lost $11 million, bringing the total daily outflow from US spot markets bitcoin ETF amounted to $124,5 million, according to According to Farside.
And although Balchunas claims that the launch of Morgan Stanley Bitcoin Trust was a success, the debut can be called modest compared to the wave of launches Bitcoin-funds in January 2024. On the first day, IBIT recorded an inflow of approximately $112 million, and GBTC attracted $95 million.
We previously wrote that Morgan Stanley Bitcoin Trust will be the most cheap BTC-ETF among its competitors, as it will charge a commission of 0,14% per annum.
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