Morgan Stanley's MSBT Bitcoin ETF Attracts $100 Million in First Week with Lowest Fees
The cheapest bitcoin ETF yet: Morgan Stanley uses 0.14% fee to draw $100 million in first week
Coindesk
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Morgan Stanley's new spot Bitcoin ETF, MSBT, has garnered over $100 million in its first week, making it the firm's most successful ETF launch. With a competitive 0.14% fee, it challenges rivals like BlackRock and Goldman Sachs, signaling a shift in Wall Street's approach to Bitcoin investments.
- 01Morgan Stanley's MSBT ETF attracted over $100 million in its first week.
- 02The fund features the lowest expense ratio in the market at 0.14%.
- 03MSBT leverages Morgan Stanley's extensive wealth management network.
- 04Goldman Sachs and BlackRock are responding with their own Bitcoin investment products.
- 05The entry of traditional financial firms into Bitcoin ETFs signifies a broader acceptance of cryptocurrency.
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Morgan Stanley's new spot Bitcoin exchange-traded fund (ETF), MSBT, has successfully attracted over $100 million in inflows within its first week, marking the firm's most successful ETF launch to date. Launched on April 8, the fund boasts the lowest expense ratio in the market at 0.14%, giving it a competitive edge over rivals. This ETF tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate and benefits from Morgan Stanley's extensive wealth management network, which oversees trillions in client assets. While MSBT's early success is notable, it still lags behind BlackRock's iShares Bitcoin Trust (IBIT), which has amassed over $53 billion since its launch in January 2024. The entry of Morgan Stanley into the Bitcoin ETF market is prompting responses from competitors, with Goldman Sachs filing for a Bitcoin Premium Income ETF, reflecting a trend towards more structured Bitcoin investment products. Analysts suggest that Morgan Stanley's MSBT may attract assets from existing funds, potentially expanding the overall market by bringing in new investors.
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