A critical development is on the agenda for Morgan Stanley’s spot Bitcoin ETF product, a US financial giant.
Bloomberg ETF analyst Eric Balchunas stated, based on the listing notice published by the New York Stock Exchange, that Morgan Stanley’s Bitcoin ETF, codenamed “MSBT,” could go live on Wednesday, April 8th (tomorrow).
Morgan Stanley Spot Bitcoin ETF to Be the Lowest Fee Product on the Market
According to previously shared information, the Morgan Stanley Spot Bitcoin ETF (MSBT) will apply a 0.14% annual “management sponsorship fee.” This rate stands out as one of the lowest fees among spot Bitcoin ETFs traded in the US. It is believed that this low cost structure could increase interest, particularly from institutional investors.
On the other hand, the overall picture in the Bitcoin ETF market is also noteworthy. According to current data, total net inflows have reached $56.79 billion, which corresponds to approximately 716,000 BTC. In the last 24 hours alone, a net inflow of $471.4 million was recorded into ETFs. During the same period, the total trading volume reached $3.30 billion, while total net assets reached $88.30 billion.
Looking at the distribution of ETFs in the market, iShares Bitcoin Trust (IBIT) leads with approximately 785,000 BTC. It is followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with 221,000 BTC and Grayscale Bitcoin Trust (GBTC) with 154,000 BTC.
*This is not investment advice.
