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Morgan Stanley’s spot Bitcoin (BTC) exchange-traded fund (ETF) pulled in more than $100 million in net inflows within its first seven trading days, quickly establishing itself among the stronger new entrants. Data shows cumulative inflows reaching roughly $102 million by April 17, with daily additions averaging around $16 million. The early traction signals that institutional capital is still actively rotating into Bitcoin exposure through ETFs.

Strong start backed by pricing and brand

The fund, trading under the MSBT ticker, launched on April 8 and has posted steady inflows almost every day since. Its 0.14% management fee undercuts most major competitors, including products from BlackRock and Fidelity, both priced at 0.25%, per Farside Investors data retrieved on April 21.

For large allocators moving size, even small differences add up fast. Combined with Morgan Stanley’s distribution network and existing client base, the product had a built-in advantage from day one.

Early data also shows MSBT already overtaking some smaller ETFs in cumulative inflows. It’s still far behind leaders like BlackRock’s IBIT, but the pace suggests it is not just another passive entrant filling space.

ETF flows point to returning demand

The timing of the launch lines up with a broader pickup in Bitcoin ETF inflows. Across the market, spot Bitcoin funds have added close to $1 billion over a recent five-day stretch, reversing a slower period earlier this year.

Bitcoin itself has been trading near recent highs, briefly touching the mid-$70,000 range before stabilizing. That price action tends to pull capital back into ETFs, especially from investors who prefer regulated exposure to holding the asset directly.

At the time of publication on April 21, the price of BTC stood at $76,475, reflecting an increase of 2.2% on the day, a 2.6% gain across the week, and an accumulated advance of 10.6% over the past month, per the latest chart information.

New entrants like MSBT are helping expand the existing demand. Lower fees and strong distribution are forcing competition across the ETF market, which could lead to further fee compression and more aggressive positioning from issuers in the coming months.