Morgan Stanley’s Bitcoin ETF Is Pulling Cash as BlackRock’s IBIT Stumbles
Morgan Stanley’s new bitcoin fund took in $10.8 million on April 29 as U.S. spot bitcoin ETFs saw $137.6 million in outflows, according to Farside Investors. BlackRock’s IBIT lost $54.7 million that day and $166.9 million over three days. MSBT, launched April 8, charges a 0.14% annual fee, undercutting IBIT’s 0.25%. IBIT still leads with $65.2 billion in net inflows, far above MSBT’s $194 million.