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Morgan Stanley’s Bitcoin ETF Debut Lags BlackRock After Securing $30M In Day-One Investments
Morgan Stanley has officially entered the spot Bitcoin exchange-traded fund arena, but its debut fell short of the benchmark set by market leader BlackRock. The Morgan Stanley Bitcoin Trust (MSBT) recorded approximately $30.6 million in inflows on its first day of trading on the NYSE Arca on April 8, according to data tracked by Farside Investors. The fund logged over 1.6 million shares traded, generating roughly $34 million in total trading volume. By comparison, BlackRock’s iShares Bitcoin Trust (IBIT) pulled in $40 million in inflows on the same day, reinforcing its dominance in a market where it commands ... (full story)