Crypto M - Crypto News

🚀 Morgan Stanley's Bitcoin Trust Launches with Strong Inflows on NYSE Arca Morgan Stanley's Bitcoin Trust (MSBT) made its debut on the NYSE Arca on Wednesday, attracting $30.6 million in first-day inflows and generating approximately $34 million in trading volume. According to NS3.AI, as of April 8, MSBT held 444.4 Bitcoin, valued at around $31.7 million, and offered the lowest fee among U.S. spot Bitcoin ETF competitors. This marks the first spot Bitcoin ETF launched by a U.S. bank. On the same day, BlackRock's IBIT led with $40 million in inflows. Data from Farside indicates that total net outflows across U.S. spot Bitcoin ETFs amounted to $124.5 million on Wednesday. #Bitcoin#ETF#MorganStanley#NYSEArca#Cryptocurrency#Finance#Investment#BlackRock#CryptoMarket#SpotBitcoin#BTC