Morgan Stanley Bitcoin ETF Pulled in Over $100 Million in First Week

Key Insights

• Morgan Stanley MSBT recorded $103 million in inflows over the first six days, driven by its low management fees and issuer reputation.
• The newly launched Bitcoin ETF product has overtaken WisdomTree WBTC in net inflows.
• Bitcoin ETFs have recorded almost $1 billion in net inflows over the past five days, with Bitcoin briefly touching $75,000.

Morgan Stanley’s spot Bitcoin exchange-traded fund (ETF) MSBT recorded over $100 million in inflows in its first week alone, a sign of massive institutional adoption. According to data from  Farside Investors, the ETF has recorded $103 million in net inflows in just six days.

While its net inflow still pales in comparison to Bitcoin ETFs such as BlackRock IBIT and Fidelity FBTC, it has already signaled that it could compete on a long-term basis if inflows remain sustained.

Morgan Stanley MSBT has Overtaken WisdomTree ETF in Inflows

Even in its early stages, MSBT is already showing signs of being a world beater. It has over $100 million in net inflows after a week, indicating it has attracted more investor interest than WisdomTree WBTC, which has been around since January 2024.

Its next targets would include Invesco BTCO, which has $245 million in net inflows, followed by Valkyrie BRRR with $326 million. Franklin Templeton’s EZBC is also close with $375 million in net inflows.

Part of the allure of MSBT is its 0.14% management fee, the lowest in the market, even beating Grayscale Bitcoin Mini’s 0.15% fee. With Morgan Stanley’s reputation also behind the product, its performance is not totally surprising.

Since launching on April 8, MSBT has seen consecutive inflows averaging $17.2 million per day. Whether it can sustain that momentum remains an open question.

However, its lower fees compared to major Bitcoin ETFs from BlackRock and Fidelity could lead to investor rotation. IBIT and FBTC both charge 0.25% in management fees, which, at the time of launch, seemed way cheaper than the 1.5% Grayscale was charging. Interestingly, Grayscale GBTC is the only Bitcoin ETF to report a net outflow of $26.13 billion.

Meanwhile, MSBT could soon face a challenge of its own, as Goldman Sachs reportedly plans to launch a spot Bitcoin ETF. The bank has already filed with the US Securities and Exchange Commission (SEC) and might opt for low management fees, too.

Bitcoin ETFs See Resurgence in Inflows as BTC Rebounds

The recent entry of Morgan Stanley and the potential venture by Goldman Sachs into the Bitcoin ETF space reflect changing sentiment in the crypto sector. After months of trending down since hitting its peak in October 2025, Bitcoin is on the up again.

Bitcoin ETFs. Source: Farside Investors

The flagship asset reached $75,000 for the first time since early February on April 15. Although it is now trading around $74,000, it is up 5% in the past seven days, and sentiment is generally positive.

This has also led to inflows into Bitcoin ETFs, with only 1 day of outflows over the 5 days of trading between April 9 and April 15. Within that period, Bitcoin ETFs attracted a combined $921.3 million in net inflows.

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