Morgan Stanley’s MSBT bitcoin ETF attracted $193.6 million in inflows during its first month of trading.
The amazing part? During the same period, MSBT recorded ZERO OUTFLOWS.
$193.6 million is a drop in the bucket considering BTC ETFs have over $100 billion in AUM.
But the real story here is that MSBT only saw buying demand during its launch month. And the even bigger story? All of that buying action came from self-directed clients. Morgan Stanley’s network of 16,000 advisors, who manage $9.3 trillion in assets, haven’t even started recommending a MSBT allocation to their clients.
“So they launched obviously into a much more saturated BTC ETF market, but Morgan Stanley did not tap into its financial advisory clients…all of the buying was self-directed.”
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