Morgan Stanley Bitcoin ETF Nears $200 Million in First Month With Zero Outflow Days
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- Morgan Stanley’s BTC ETF pulled in $193.6M in net inflows during its first month.
- The investment vehicle did not see any kind of outflows despite broader selloffs.
- US spot Bitcoin ETFs recorded over $622 million in weekly inflows as per SoSoValue.
Morgan Stanley entered the spot Bitcoin ETF market with one of the strongest launches in the sector so far. Its Morgan Stanley Bitcoin Trust (MSBT) recorded $193.6 million in net inflows between April 8 and May 7, according to SoSoValue data.
The fund closed its first month with $239.6 million in net assets and did not record a single day of net outflows. The ETF posted 17 days of positive inflows and five flat sessions.
Even during broader market sell-offs, the fund continued to attract capital. On May 7 and May 8, the wider US spot Bitcoin ETF market lost $277.5 million and $145.7 million, respectively. MSBT …
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