PANews reported on April 9th ​​that, according to CoinDesk, Morgan Stanley's spot Bitcoin ETF, MSBT, recorded approximately $34 million in inflows on its first day of trading on April 8th, with a trading volume exceeding 1.6 million shares. The fund tracks the CoinDesk Bitcoin benchmark price at 4 PM New York settlement and has an expense ratio of 0.14%, the lowest among similar products. MSBT's core advantage lies in Morgan Stanley's wealth management network, whose vast system of financial advisors manages trillions of dollars in client assets, providing the fund with distribution channels that are difficult for other issuers to replicate. Some analysts predict that the fund may divert funds from existing products, particularly BlackRock's largest ETF, IBIT. Since its listing in January 2024, IBIT has accumulated over $53 billion in assets, becoming BlackRock's most successful ETF product.