MSBT 0,14 % de taux est trop sévère, avec plus de 30 millions de flux net le premier jour, après l'entrée des banques traditionnelles, la guerre des prix pour les ETF au comptant va commencer.

Morgan Stanley's first physical Bitcoin ETF has begun trading on NYSE Arca under the ticker MSBT, marking a direct stress test on its opening day: can a bank-backed fund attract capital inflows solely because it is cheaper in a volatile market? Industry data shows that approximately 1.6 million shares were traded on the first day, and depending on the tracking target, the net inflow was about **$30–$34 million**. The fund's fee rate is 0.14%, making it the lowest-cost physical Bitcoin ETF in the U.S. market. Over the next two days, the newly launched MSBT ETF attracted an additional capital inflow of over 31 million dollars ($31.20 million).