"MSBT's debut is in the top 1% of all ETF launches, reflecting strong initial interest and positioning Morgan Stanley as a key player in the crypto ETF space."
"Institutional priorities have matured; MSBT is the clear response to this second wave of digital asset adoption, indicating a shift in the financial sector's approach to crypto."
Morgan Stanley launched MSBT, a Bitcoin ETF with a low sponsor fee of 0.14%, achieving over $25 million in trading volume in its first half day. This launch positions Morgan Stanley among major U.S. banks entering the crypto ETF market. The bank also filed for Ethereum and Solana trusts. Bitcoin ETFs currently hold over $100 billion in assets, with BlackRock's IBIT fund being the largest. Morgan Stanley's wealth management recommends clients allocate 2-4% of portfolios to crypto, enhancing its service offerings to clients.
Read at Fortune
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