Morgan Stanley's Bitcoin Product Sees Strong Initial Inflows

Morgan Stanley's newly launched bitcoin exchange-traded product, MSBT, attracted over $100 million in inflows within its first six trading days. According to NS3.AI, Amy Oldenburg noted that these inflows were entirely from self-directed clients, as advisors have not yet started offering the product on the wealth platform. Morgan Stanley is also seeking an OCC digital trust charter to enable direct crypto custody and spot trading. Oldenburg mentioned that while U.S. banks might eventually hold bitcoin on their balance sheets, they currently face challenges due to Federal Reserve requirements, Basel rules, and various global regulatory hurdles.