Morgan Stanley Bitcoin Spot ETF Sees First Day Inflow of Approximately $34 Million

BlockBeats News, April 9th, according to CoinDesk, Morgan Stanley's Bitcoin spot ETF saw active trading on its first day, with over 1.6 million shares traded and approximately $34 million in inflows. With a fee of only 0.14%, the lowest among similar products, it highlights its price advantage to enter the market competition. In addition to the low fee, supported by Morgan Stanley's vast wealth management network, MSBT is expected to become attractive as more investors come into contact with Bitcoin through financial advisors. However, in a market dominated by a few large players, the uncertainty remains as to whether it can sustain its early momentum.