A slew of Bitcoin ETFs have hit the market since the products were first approved in the U.S. in 2024, but so far one sector has remained on the sidelines—major U.S. banks. That changed Wednesday with the launch of MSBT, a Bitcoin ETF offered by Morgan Stanley.
The spot ETF, which features an industry low with a sponsor fee of 0.14%, saw over $25 million in trading volume in its first half day of trading. In an X post, Bloomberg senior ETF Analyst Eric Balchunas put MSBT’s debut in the top 1% of all ETF launches.
