Morgan Stanley’s Bitcoin ETF Draws $34M on Debut as ETFs Pull $358M

Bitcoin ETFs are seeing fresh demand again after a brief slowdown earlier this week. Data shows $358.1 million in net inflows across the US spot Bitcoin ETFs, reversing two consecutive days of outflows. The recovery comes as the price of Bitcoin (BTC) holds near $72,000, even after its slump from its 2026 high of $97,000. The steady price and inflows suggest investors are still allocating to Bitcoin through ETFs despite recent volatility.

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MSBT Debut Comes as Bitcoin ETF Inflows Surge

Morgan Stanley’s spot Bitcoin ETF, MSBT, started with moderate but steady demand. The fund brought in about $34 million on its first day and added another $14.9 million on day two. Trading volumes crossed 1.6 million shares on debut. This points to early interest, even though it is not at the same level as more established funds.

MSBT enters a market that is already dominated by a few large players. Its main advantage is pricing and distribution. The fund charges a 0.14% expense ratio and is even backed by Morgan Stanley’s wealth management network. This gives it access to financial advisors and client portfolios. Amy Oldenburg, head of digital assets at Morgan Stanley, said in an interview that MSBT is the firm’s strongest ETF launch to date. She added,

“It was the best first day of trading for any of our ETFs.. We had to start with Bitcoin (ETF). This is just the first of a long roadmap of new products on the asset management side.”

Most of the latest inflows went to larger products. BlackRock’s iShares Bitcoin Trust (IBIT) led with $269.3 million. This is its strongest daily inflow since early March. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $53.3 million. Smaller funds from Bitwise and ARK Invest saw relatively limited inflows.

IBIT has now recorded about $1.5 billion in net inflows this year, even as the broader crypto market cooled. Robert Mitchnick said earlier this year that investors in the fund have largely been long-term holders. This is even during periods of market pressure.

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Bitcoin Holds Above $70,000 Despite Recent Slump

The king coin has recorded a notable rise over the past week. Bitcoin’s price went from a low of $66,500 to a high of $73,107.27 earlier today. Following a slight correction, BTC was trading at $71,770.89 during press time. It should be noted that the world’s largest cryptocurrency pocketed gains of 1% and 7.34% over the past day and week, respectively.

The current setup shows how the market is not seeing aggressive buying or selling. ETF flows appear to be providing some support. But the sentiment remains cautious considering the volatile nature of the asset.

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