Morgan Stanley Bitcoin Trust (MSBT) reported a $66.8 million decrease in net assets over its first 85 days, driven by unrealized Bitcoin depreciation, despite $371.1 million in gross share contributions outpacing $5.26 million in redemptions.
The Morgan Stanley Bitcoin Trust completed its first month of trading without a single day of net outflows, providing an early test case for how a Wall Street bank’s brand, pricing, and distribution network can alter the competitive landscape of the digital-asset market. The product, trading under the ticker MSBT, launched on April 8 and […] The post Morgan Stanley’s MSBT ends first trading month with 0 outflows amid Bitcoin ETFs 6-week inflow streak appeared first on CryptoSlate.
