Morgan Stanley’s bitcoin (BTC) exchange-traded fund (ETF) accomplished its first month in the marketplace with out recording a single day of web capital outflows. It is a milestone that no spot bitcoin ETF has achieved till now.
Between April 8, 2026 (its debut day) and Could 7, the monetary product, whose identify is Morgan Stanley Bitcoin Belief and its ticker (inventory code) is MSBT, gathered $193 million in web inflows.
It’s value remembering that, on its first day, MSBT recorded $30.6 million in web inflows and practically $34 million in traded quantityas reported by CriptoNoticias.
The information is related as a result of MSBT maintained optimistic flows even in damaging days for different funds. On Could 7, for instance, the Morgan Stanley ETF obtained $5.7 million, whereas BlackRock’s IBIT recorded outflows of 27.2 million, Constancy’s FBTC misplaced 97.6 million and ARKB had withdrawals of 26.6 million.
One of many keys to the product is its low fee. MSBT expenses an annual payment of 0.14%, the bottom amongst spot bitcoin ETFs in the US. It’s situated beneath the Grayscale Bitcoin Mini Belief, with 0.15%; BITB from Bitwise, with 0.20%; ARKB, with 0.21%; and IBIT and FBTC, each with 0.25%.
The distinction could seem minor to retail buyers, however it positive factors weight on an institutional scale. A niche of 11 foundation factors in comparison with IBIT is equal to 1.1 million {dollars} yearly for each 1 billion invested.
One other related level is that the majority the preliminary flows got here from self-directed purchasers, i.e. buyers who function on their very own account from buying and selling platforms and never by way of Morgan Stanley monetary advisors. The agency has about 16,000 advisors managing greater than $9.3 trillion in consumer belongings.
For now, Its first month with out web outflows positions it as one of many strongest launches throughout the BTC ETF market.
