Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets

Bitcoin Magazine

Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets

Wall Street giant Morgan Stanley Bitcoin exchange-traded fund now has close to $400 million in assets under management — despite only launching in April.

The NYSE Arca-listed fund, which is the first by a bank, got off to a roaring start when it debuted, bringing in over $33 million in fresh cash on its first day.

Now, the fund has over $391 million in assets, demonstrating the popularity of the product. Many ETFs never reach $400 million in assets at all, let alone in one quarter.

Senior Bloomberg Intelligence ETF analyst Eric Balchunas revealed Friday that the product has been one of the most successful funds launched this year so far.

This week alone, investors have thrown $15.7 million in new cash at the product, according to Farside Investors data.

Morgan Stanley has been making big crypto moves for years now. Back in 2021, it started offering wealthy clients exposure to Bitcoin via funds such as those by Galaxy Digital.

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