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10/04/26 05:03 UTC-04

Morgan Stanley Bitcoin ETF Attracts $32 Million on First Trading Day

Fiat money, funds Fiat money, funds
Fiat money, funds Morgan Stanley Bitcoin ETF Attracts $32 Million on First Trading Day

The new spot exchange-traded fund Morgan Stanley Bitcoin Trust (MSBT), whose shares are tied to the price of Bitcoin, attracted about $32 million on its first trading day on the NYSE Arca exchange. Trading volume exceeded 1.6 million shares.

Bloomberg ETF analyst Eric Balchunas described the MSBT debut as one of the strongest launches among cryptocurrency spot ETFs. According to him, the Morgan Stanley fund ranked in the top 1% of ETFs by first-day performance.

As examples of strong launches, he cited Defiance Bitcoin Strategy ETF (BSOL), VanEck XRP Strategy ETF (XRPC), and Tema Digital Asset Mining ETF (DRAM), which reached around $60 million in trading volume in their early days. According to data from SoSoValue, the total market size of spot Bitcoin ETFs exceeds $91 billion.

Balchunas had previously projected MSBT trading volumes in the $27–30 million range, with potential growth to $50 million in the following days. He also suggested the fund could grow assets under management to several billion dollars within its first year, supported by Morgan Stanley’s advisor network and aggressive pricing.

MSBT became the first cryptocurrency ETF launched under the brand of a major U.S. commercial bank. The fund’s fee is 0.14%, lower than most competitors. For comparison, iShares Bitcoin Trust (IBIT) by BlackRock charges a 0.25% fee.

See also: "An expert claims that settlements via the SWIFT protocol in XRP are no longer fiction but a real, confirmed use case"

#Bitcoin (BTC) #ETF #Morgan Stanley

Editor: Alyona Nabok
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