Morgan Stanley’s new spot Bitcoin ETF recorded about $30.6 million in first-day inflows, placing it second behind BlackRock’s iShares Bitcoin Trust, which attracted roughly $40 million. The fund, trading under the ticker MSBT on NYSE Arca, also generated around $34 million in trading volume and held about 444 BTC at launch.



Despite the solid debut, total US spot Bitcoin ETF flows were negative for the day. Outflows from Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF reached roughly $79 million and $75 million, respectively, while the Grayscale Bitcoin Trust saw additional redemptions. Combined, US Bitcoin ETFs recorded about $124.5 million in net outflows.

Although MSBT trailed the massive launches seen in 2024, analysts say the debut still signals continued institutional demand. The entry of a major Wall Street bank adds competition on fees and distribution, even as overall ETF flows show short-term investor caution.
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