Morgan Stanley Bitcoin ETF Gains $200M Inflows, No Outflows in Month 1

Morgan Stanley's spot Bitcoin exchange-traded fund, trading under the ticker MSBT, completed its first month of trading on May 8 without recording a single day of net outflows, attracting approximately $200 million in net inflows and growing assets under management to more than $230 million.

The fund launched on April 8 amid fluctuating bitcoin prices between the mid-$70,000 and low-$80,000 range. On its debut day, MSBT drew $30.6 million in inflows and generated about $34 million in trading volume, even as the broader U.S. spot bitcoin ETF category saw $94 million in net outflows. Data indicates inflows tapered from high-teens millions in the first two weeks to single-digit millions later, but remained positive or flat across 22 trading days.

This performance contrasted with larger rivals. On May 7, for example, MSBT added $5.7 million while BlackRock's IBIT lost $27.2 million, Fidelity's FBTC shed $97.6 million, and ARK 21 Shares Bitcoin ETF recorded $26.6 million in outflows. The fund traded at a 0.24 percent premium to its net asset value that day, higher than IBIT's 0.18 percent and FBTC's 0.13 percent, signaling stronger demand relative to share supply. Within six trading...