2026-04-14 09:43:29

Morgan Stanley's first spot Bitcoin ETF has opened trading on NYSE Arca, with the ticker MSBT, marking a direct stress test on its first day: can a bank-backed fund attract capital inflows solely because it is cheaper in a volatile market? Industry data shows that approximately 1.6 million shares were traded on the first day, and depending on the underlying assets tracked, the net inflow was about $30–$34 million. The fund's fee rate is 0.14%, making it the lowest-cost spot Bitcoin ETF in the U.S. market. Over the next two days, the newly launched MSBT ETF attracted an additional capital inflow of over $31 million.

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GateUser-b665e41c

· 1h ago

0.14% really pushed to the limit; the inflow on the first day plus the following two days indicates that institutions are betting on "low fees + backing from major banks." From here, it depends on whether they can continue to take away existing funds like IBIT.

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PerpPessimist

· 4h ago

0.14% really went crazy, with 30 to 40 million in net inflow on the first day indicating that the market is very receptive to the "bank backing + low fee rate" setup, but whether it can sustain later depends on liquidity and market-making depth.

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RespectPeng

· 4h ago

Get in quickly!🚗

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GateUser-715706bb

· 5h ago

0.14% really went crazy, and the voting with feet in funds is also quite obvious; but in the long term, it's still about tracking error, custody, and liquidity—don't just focus on the fee rate.

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GateUser-e1cfc287

· 5h ago

0.14% is indeed quite aggressive; traditional funds will be more willing to go through the ETF channel.
But whether it can continue to attract funds depends on future market fluctuations and market-making depth—don't let the excitement of the first day fade back into calm.

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GateUser-28f37882

· 5h ago

0.14% this fee rate is indeed fierce; a bank brand combined with low costs will attract a wave of funds, but whether continuous net inflows can be maintained during bull and bear market switches is the real stress test.

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Semi-MeltedIceCream

· 5h ago

0.14% really went crazy; the net inflow of MSBT counts as a good start, but whether it can continue to absorb the stock rotation from GBTC/IBIT remains to be seen. Market fluctuations will be the real stress test.

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NarrativeCartographer

· 5h ago

0.14% this fee rate is too harsh; a net inflow of 30 million on the first day shows that institutions really buy into this; afterward, it depends on whether they can continue to attract funds when competing with GBTC/IBIT for liquidity and whether the market can pull back further while still attracting money.

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UnknownTradingDog

· 5h ago

Buy the dip and enter the market 😎

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