Overview
- Morgan Stanley’s spot Bitcoin fund, MSBT, listed on NYSE Arca with a 0.14% sponsor fee and drew $116 million across its first seven trading sessions, according to Farside Investors.
- That pace of about $16.6 million per session topped Grayscale’s BTCW cumulative $86 million, yet the fund remains far smaller than BlackRock’s IBIT and Fidelity’s FBTC by assets.
- The product is tiny next to Morgan Stanley Investment Management’s $1.9 trillion platform and at its current size would generate roughly $162,400 a year in fees.
- Peer firms moved quickly as Goldman Sachs filed for a Bitcoin ETF six days after the launch, Bank of America cleared advisers to recommend crypto, and Charles Schwab said it will roll out direct Bitcoin and Ether trading for retail clients.
- If the early pace holds, outside projections place MSBT near $500 million after about 30 trading days, though flows could cool once the launch burst fades.