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\n\t\t\t\t\t\t\t\t\tMSBT launched at 0.14%, below BlackRock\u2019s IBIT at 0.25% and Grayscale\u2019s Bitcoin Mini Trust at 0.15%, making it the lowest-cost spot BTC ETF.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Banking giant Morgan Stanley\u2019s long-awaited spot Bitcoin ETF, MSBT, started trading yesterday on NYSE Arca.<\/p>\n
And on its first day, it pulled in about $34 million in trading volume and saw over 1.6 million shares traded.<\/p>\n
ETF analyst Eric Balchunas had described MSBT\u2019s debut as \u201carguably the biggest Bitcoin ETF launch since they began,\u201d giving it a first-year AUM target of $5 billion.<\/p>\n
Halfway through its first trading session, Balchunas reported that the product had reached<\/a> $27 million, and this was after he had estimated it would hit $30 million, before revising his projection to $50 million, which he said would put the debut in the top 1% of ETF launches. Eventually, it added another $7 million to close the day, drawing $34 million in total.<\/p>\n The fund launched with a 0.14% fee, which NovaDius Wealth President Nate Geraci called<\/a> \u201cthe lowest cost spot BTC ETF on market.\u201d That pricing undercuts competitors such as BlackRock\u2019s IBIT, which charges 0.25%, and Grayscale\u2019s Bitcoin Mini Trust at 0.15%.<\/p>\n Allyson Wallace, Morgan Stanley\u2019s global head of ETFs, told<\/a> Bloomberg that the low fee was a deliberate strategy meant to show the bank\u2019s commitment to the product. According to her, demand has been high, especially from high-net-worth investors.<\/p>\n On-chain and fund flow data support her sentiment, with Bitcoin ETF tracking account HODL15Capital reporting that MSBT bought<\/a> 430 BTC on its first day.<\/p>\n It has been a mixed period for spot Bitcoin ETFs, with SoSoValue\u2019s data showing total net outflows of about $124 million across the funds yesterday. Before that, the funds collectively lost $159 million, breaking a two-day green run from last Thursday that saw about $480 million in net inflows.<\/p>\n Meanwhile, BTC itself is trading just above $71,000, shaving off almost $1,800 from a three-week peak near $73,000 that it hit<\/a> after reports emerged that Iran would require ships transiting the Strait of Hormuz to pay a toll in Bitcoin.<\/p>\n Morgan Stanley\u2019s entry also builds on earlier filings disclosed in January 2026, when the bank submitted<\/a> proposals for Bitcoin and Solana-linked funds. At the time, reports pointed to a broader shift among large financial institutions moving from distributing third-party products to issuing their own.<\/p>\n MSBT\u2019s structure reflects that transition. The fund combines traditional custody through BNY Mellon with crypto-native infrastructure from Coinbase, while offering exposure to Bitcoin price movements without requiring direct ownership of the asset.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nYou may also like:<\/h3>\n
ETF Flows Remain Uneven<\/h2>\n
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