In the first month since its launch, the Morgan Stanley Bitcoin ETF has accumulated a net inflow of $194 million, with no day of net outflow

According to The Block, Morgan Stanley's Bitcoin ETF (MSBT) did not experience any net outflows in its first month of listing, with a cumulative net inflow of $193.6 million, and as of May 7, its net assets reached $239.6 million.

The fund was launched on April 8, with a net inflow of $30.6 million on its first day and a trading volume of approximately $34 million, described by Morgan Stanley's head of digital asset strategy as the bank's most successful ETF debut in history. During the first month of trading, MSBT's daily net inflows gradually decreased from tens of millions to millions but never turned negative, while the overall market for spot Bitcoin ETFs saw a net inflow of $663.9 million on April 17, followed by net outflows of $277.5 million and $145.7 million on May 7 and 8, respectively. MSBT has a management fee of 0.14%, the lowest among U.S. spot Bitcoin ETFs. Almost all of the fund's capital in the first month came from self-directed trading clients and has not yet been sold through Morgan Stanley's wealth management platform.