Morgan Stanley's Bitcoin ETF Absorbs $194M in First Month With Zero Daily Redemptions

BTC-0.29%
According to The Block, Morgan Stanley Bitcoin Trust (MSBT) completed its first month without recording a single day of net redemptions, a streak that no rival spot bitcoin ETF matched over the same window. MSBT, which launched on April 8, accumulated $194 million in total net inflows through May 8, with daily inflows tapering from high-teens millions in its first two weeks to single-digit millions in later sessions but never dipping below zero. On May 7, MSBT posted $5.7 million in inflows while competitors BlackRock's IBIT recorded -$27.2 million, Fidelity's FBTC logged -$97.6 million, and ARKB posted -$26.6 million. MSBT's 0.14% annual sponsor fee is the lowest among all U.S. spot bitcoin ETFs, undercutting IBIT and FBTC at 0.25% and Grayscale Bitcoin Mini Trust at 0.15%.
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