"Morgan Stanley's Bitcoin Trust debuted with around $30.6 million in net inflows and $34 million in trading volume, signaling strong demand from its wealth management network. The fund's 14 basis point fee undercuts many existing products, reinforcing a trend toward lower costs in the sector."
"Despite the launch of MSBT, U.S. spot bitcoin ETFs saw about $94 million in net outflows, driven by large redemptions from Fidelity's FBTC and Ark & 21Shares' ARKB. Market participants attribute these outflows to profit-taking as bitcoin prices rebounded."
"The competitive landscape for bitcoin ETFs is intensifying, with fee compression becoming a central theme. Issuers are cutting costs to attract assets, which benefits investors but pressures issuer margins and raises stakes for scale and distribution."
Morgan Stanley has launched its Bitcoin Trust (MSBT), entering the competitive spot bitcoin ETF market. The fund attracted approximately $30.6 million in net inflows and $34 million in trading volume, indicating demand from its wealth management network. MSBT's 14 basis point fee is lower than many existing products, reflecting a trend toward reduced costs. Despite this launch, U.S. spot bitcoin ETFs experienced $94 million in net outflows, primarily due to profit-taking by institutional investors. BlackRock's IBIT remains a dominant player with significant inflows, highlighting the competitive landscape.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]