Morgan Stanley Bitcoin Trust Draws $34M Day-One Inflows with 14bp Fee
Morgan Stanley launched its Bitcoin Trust, attracting $34M in day-one inflows and benefiting from a $358M weekly ETF inflow surge as Bitcoin neared $73,000. The 14-basis-point fee structure leverages MS’s wealth network to tap renewed institutional demand and could boost asset-based fee revenue.
1. Launch of Morgan Stanley Bitcoin Trust
On April 8, Morgan Stanley debuted its Bitcoin Trust (MSBT) on the NYSE, marking the bank's first foray into spot Bitcoin ETFs and signaling a strategic shift towards digital asset offerings.
2. Early Inflows and Fee Structure
The fund generated $30.6 million in net inflows at launch and recorded $34 million by the end of day one, leveraging a 14-basis-point fee that positions the Trust competitively within the ETF market.
3. Market Context and Strategic Impact
MSBT's rapid uptake coincided with a $358 million weekly inflow into spot Bitcoin ETFs and Bitcoin trading near $73,000, reflecting growing institutional appetite that could boost Morgan Stanley's asset-based fee revenue.