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Morgan Stanley Bitcoin ETF Sees Strong Debut
CoinDesk·
Morgan Stanley's new spot bitcoin ETF, MSBT, launched with significant early traction, attracting approximately $34 million in inflows on its first day. The fund distinguishes itself by offering the lowest expense ratio in its category at 0.14%, positioning it as a cost-competitive option. Leveraging Morgan Stanley's extensive wealth management network and financial advisor base, the ETF is poised to reach a broad investor audience. While initial trading indicates strong demand, its long-term success will depend on its ability to maintain momentum against established market leaders.
Tickers
$MSBT
Tags
fintech
crypto
etf
Original Source
CoinDesk — coindesk.com