Morgan Stanley's Spot Bitcoin ETF Debuts With $340M Inflows, Market-Low 0.14% Fee

Morgan Stanley's spot Bitcoin ETF, trading under the ticker MSBT, got off to an active start on its first day, with more than 1.6 million shares changing hands and roughly $340 million of net inflows, according to ChainCatcher. The fund tracks the CoinDesk Bitcoin Benchmark Price and charges an expense ratio of 0.14%, the lowest among comparable offerings, giving it a clear pricing edge in a crowded category. Beyond fees, MSBT may benefit from Morgan Stanley's broad wealth-management distribution footprint, which could draw traditional investors into Bitcoin exposure through its financial-advisor platform. Even so, the space remains led by established products such as BlackRock's IBIT, which has amassed more than $53 billion in assets. Analysts say MSBT could siphon some existing allocations in the near term. Longer-term traction will hinge on the fund's ability to maintain steady, recurring inflows.