Morgan Stanley's Bitcoin ETF attracted $34 million on its first day of trading, entering the competition with its low fees.

Morgan Stanley's new Bitcoin ETF (MSBT) saw active trading on its first day, with over 1.6 million shares traded and approximately $34 million in inflows. Tracking the CoinDesk Bitcoin benchmark price, the fund boasts a fee of only 0.14%, the lowest among similar products, leveraging its price advantage to compete in the market. In addition to its low fees, MSBT leverages Morgan Stanley's extensive wealth management network, potentially attracting traditional investors to allocate Bitcoin assets through its financial advisory system. However, the market is currently dominated by leading products, such as BlackRock's IBIT, which has over $53 billion in assets. Industry insiders predict that MSBT may divert some existing funds in the short term, but its long-term performance will depend on its ability to attract sustained inflows.