Morgan Stanley’s Bitcoin ETF Attracts $103M in First Week, Becoming Cheapest Option in Category

$103 million has flowed into Morgan Stanley’s Bitcoin ETF (MSBT) in its first week of trading. The fund, which launched on April 8, has already become the firm’s most successful ETF launch to date, according to Morgan Stanley’s head of digital assets. MSBT carries an expense ratio of 0.14%, making it the cheapest Bitcoin ETF available. It tracks the CoinDesk Bitcoin Benchmark and benefits from Morgan Stanley’s wealth management platform, which oversees trillions in client assets.