Morgan Stanley’s Bitcoin ETF Outpaces WisdomTree in Six Days
WisdomTree's lifetime total net inflows of $86 million have been surpassed in six trading sessions by the Morgan Stanley Bitcoin Trust (MSBT). The fund accumulated $103 million in net inflows following its April 8 launch. This growth was driven by a market-low expense ratio of 0.14%, which undercuts the Grayscale Bitcoin Mini Trust by a single basis point. The fund tracks the the CoinDesk Bitcoin Benchmark and is the first spot Bitcoin ETF issued directly by a traditional Wall Street banking institution. MSBT remains smaller than the Franklin Bitcoin ETF ($375 million), the Valkyrie Bitcoin ETF ($326 million), and The Invesco Galaxy Bitcoin ETF ($245 million). It remains significantly smaller than the market leaders, BlackRock's iShares Bitcoin Trust (IBIT) at $64.3 billion in cumulative inflows and the Fidelity Wise Origin Bitcoin Fund at $10.9 billion.
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