Overview
- MSBT, which launched April 8 on NYSE Arca with a 0.14% fee, drew about $103 million in net inflows over six trading days.
- Blockchain firm Arkham attributed specific wallets to MSBT, giving the public a near real-time view of the fund’s Bitcoin movements.
- Arkham’s data shows the ETF purchased roughly $83.6 million worth of Bitcoin since launch.
- The identified addresses currently hold about $64.4 million, a gap coverage notes may reflect creation and custody mechanics rather than selling.
- Competition is intensifying as Goldman Sachs filed for a Bitcoin-linked ETF, while BlackRock and Fidelity remain the largest players in the space.