TechFlow News, May 11: According to The Block, Morgan Stanley’s spot Bitcoin ETF—Morgan Stanley Bitcoin Trust (MSBT)—recorded $193.6 million in net inflows during its first month since launching on April 8. As of May 7, its net asset value (NAV) stood at $239.6 million, with no single-day net outflows observed during this period. Data shows that MSBT posted net inflows on 17 trading days and flat flows on 5 trading days in its first month. While the broader U.S. spot Bitcoin ETF market experienced significant outflows during the same period, MSBT maintained consistent net inflows. The report notes that nearly all of MSBT’s first-month inflows originated from Morgan Stanley’s proprietary trading clients, as its advisor wealth management channel remains not yet fully open. MSBT’s annual expense ratio is 0.14%, the lowest among all current U.S. spot Bitcoin ETFs.
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