Key Highlights
- Morgan Stanley’s Bitcoin ETF, MSBT, saw eight successive days of inflow, reaching $133 million until April 17.
- MSBT averaged $16.6 million in daily inflows, placing it among the highest-performing spot Bitcoin ETFs.
- The ETF was listed for trading on April 8, and its performance started gaining traction right from its first day.
Morgan Stanley’s spot Bitcoin ETF (MSBT) witnessed positive inflows for eight consecutive trading sessions, driving total net inflows of the product to $133 million through April 17, as per Farside Investors.
MSBT has been averaging net inflows of $16.6 million per session, making it the third-most profitable among all Bitcoin ETFs, trailing only the products of BlackRock and Fidelity.
MSBT’s performance
In a single trading session on April 17, MSBT saw net inflows of $16.6 million, helping all U.S. spot Bitcoin ETFs generate a strong net inflow of $663.9 million that day. Below is a table depicting MSBT’s steady performance since inception:
| Date | MSBT Inflow ($M) |
| 08 April | 30.6 |
| 09 April | 14.9 |
| 10 April | 16.3 |
| 13 April | 6.3 |
| 14 April | 15.5 |
| 15 April | 19.3 |
| 16 April | 13.4 |
| 17 April | 16.6 |
| Total | 133 |
The asset is currently valued at $133 million with only eight trading days elapsed, featuring an incredibly minimal 0.14% expense ratio that currently makes it one of the most cost-effective Bitcoin ETFs available in the market.
Entry in the ETF Market
Morgan Stanley entered the spot Bitcoin ETF market on April 8, and its recently launched Morgan Stanley Bitcoin Trust (ticker: MSBT) has witnessed $32 million worth of net inflows on the very first day itself on the NYSE Arca exchange, with more than 1.6 million shares traded during the process.
This launch marks the increased interest by institutions in investing in Bitcoin despite market volatility. And it arrives amid the first-ever monthly inflows by US spot Bitcoin ETFs after four months of outflows.
US spot Bitcoin ETFs witnessed net inflows of $1.32 billion during March, ending the outflow trend from the space since November 2025. The MSBT is directly competing with WisdomTree’s Bitcoin ETF, which took more than two years to accumulate the $86 million mark in inflows.
Broader market statistics
The market statistics from the same period indicate a generally favorable performance trend, although one characterized by mixed results for spot Bitcoin ETFs in the United States.
The IBIT offered by BlackRock continues to dominate the industry, having recorded a significant $284 million influx on April 17. Additionally, Grayscale’s GBTC managed to record relatively minor net inflows of $4.2 million, signaling an improvement following a long history of substantial outflows, which have cumulatively amounted to -$26.156 billion since converting into a Bitcoin ETF.
The institutional acceptance
Morgan Stanley indicates increased confidence on the part of traditional wealth managers. With 16,000 advisors and a vast high-net-worth client base, the bank is well-positioned to channel fresh capital into Bitcoin.
The constant influx of investments prompts concerns as to whether rival companies will react by slashing their fees further. As Bitcoin continues to climb, the success of MSBT at the beginning stages will undoubtedly fuel the idea of institutional acceptance.
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