PANews reported on May 11 that, according to The Block, Morgan Stanley's Bitcoin ETF (MSBT) saw no net outflows in its first month of trading, accumulating a net inflow of $193.6 million, with net assets reaching $239.6 million as of May 7. The fund launched on April 8, with a net inflow of $30.6 million on its first day and a trading volume of approximately $34 million, and was described by Morgan Stanley's head of digital asset strategy as the bank's most successful ETF launch in history.

During its first month of trading, MSBT's daily net inflows gradually decreased from tens of millions to millions but never turned negative. In contrast, the overall spot Bitcoin ETF market saw a net inflow of $663.9 million on April 17th, followed by net outflows of $277.5 million and $145.7 million on May 7th and 8th, respectively. MSBT's management fee of 0.14% is the lowest among US spot Bitcoin ETFs. Almost all of the fund's funds in its first month came from independent trading clients and it has not yet been sold through Morgan Stanley's wealth management platform.