Morgan Stanley Bitcoin ETF Launch

Morgan Stanley's spot Bitcoin ETF, known as the Morgan Stanley Bitcoin Trust, began trading on the NYSE Arca Exchange with the ticker $MSBT, aiming to track Bitcoin's performance. The ETF saw strong initial performance, reaching $27 million in volume in its first half-day, potentially hitting $50 million for the full day. Forecasts include $5 billion in assets under management within the first year and $30 million in day-one volume. It has the lowest fees of any spot BTC ETF in the U.S. at 0.14%, and will be promoted by 16,000 financial advisors. Morgan Stanley is the first major US bank to launch a spot Bitcoin ETF, with an ultra-low fee of 0.14%, expected to bring trillions of dollars into the market and sparking a potential 'fee war' with other financial institutions.