Morgan Stanley's spot Bitcoin ETF has attracted $116 million in cumulative net inflows during its first seven trading sessions since its launch on April 8. According to NS3.AI, the ETF, priced with a 0.14% sponsor fee, marks the first cryptocurrency ETP from a U.S. bank-affiliated asset manager. Bryan Armor from Morningstar commented to Reuters that the entry of a bank into the crypto ETF market adds legitimacy, potentially encouraging other institutions to follow suit. In a related development, Goldman Sachs filed for its first Bitcoin ETF product on April 14, just six days after Morgan Stanley's ETF debut.