Morgan Stanley bitcoin ETF tops $600 million five months after launch
- —MSBT net assets are $634.83 million, with inflows of $538.37 million
- —Over 21 trading days there were inflows on 12 days and no outflows
- —The only outflow day was May 29, when $5.26 million was withdrawn
- —The fund launched on the NYSE on April 8 as the first ETF from a bank manager
Why it matters: Bank distribution of bitcoin ETFs expands the buyer base beyond retail and creates more durable spot demand.
Source: Bitcoin.com