Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
The Morgan Stanley Bitcoin Trust (MSBT), the first spot Bitcoin exchange-traded fund (ETF) offered by a US bank, recorded $30.6 million in inflows on its trading debut, marking a solid but not blockbuster start in the spot Bitcoin ETF market.
MSBT began trading on the NYSE Arca on Wednesday, generating $34 million in trading volume, slightly above Bloomberg ETF analyst Eric Balchunas’ expectation of $30 million for its first day.
As of April 8, MSBT held 444.4 Bitcoin (BTC), valued at about $31.7 million. That represented roughly 0.03% of the estimated 1.29 million BTC held collectively by US spot Bitcoin ETFs.
With the lowest fee among its peers, MSBT trailed only BlackRock’s iShares Bitcoin Trust (IBIT) on the day. IBIT recorded $40 million in inflows, underscoring competition among a small group of large issuers.
MSBT’s debut inflows were not enough to counter selling elsewhere. According to Farside data, the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) saw outflows of $79 million and about $75 million, respectively.
The Grayscale Bitcoin Trust ETF (GBTC) added another $11 million in redemptions, bringing total daily outflows from US spot Bitcoin ETFs to $124.5 million.
The outflows marked two consecutive days of selling. After Tuesday’s $159 million in outflows, the funds had recorded $471 million in inflows on Monday, the largest daily inflows since late February.
MSBT’s debut was modest compared with the January 2024 launch wave that followed the Securities and Exchange Commission’s approval of the first US spot Bitcoin ETFs. In that initial wave, GBTC and IBIT recorded $2.3 billion and $1 billion in opening day volume, respectively.
IBIT saw about $112 million in inflows on its first day, while GBTC recorded $95 million in outflows.
Despite trailing the earlier launch class, Bloomberg’s Balchunas said Morgan Stanley’s Bitcoin ETF is still on track to be among the top ETF launches from the past year, referencing a $60 million volume threshold. He cited other recent launches including the Bitwise Solana Staking ETF (BSOL), the Canary XRP ETF (XRPC), and the Roundhill Memory ETF (DRAM).

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…