Morgan Stanley Bitcoin Trust Attracts $194M in First Month Without Single Net Outflow

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Morgan Stanley's spot Bitcoin ETF, Morgan Stanley Bitcoin Trust (MSBT), attracted $194 million in net inflows during its first month of trading without experiencing a single net outflow, according to Bloomberg analyst Eric Balchunas and data platform SoSoValue. MSBT launched on April 8, achieving $34 million in trading volume on its first day with net inflows of $30.6 million, a performance ranked in the top 1% of all ETF launches.

The fund's annual sponsorship fee of 0.14% is the lowest among U.S. spot Bitcoin ETFs, lower than Grayscale Bitcoin Mini Trust's 0.15%. On May 7, MSBT recorded inflows of $5.7 million, while competing funds experienced significant outflows.

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