Morgan Stanley Bitcoin ETF sees a net inflow of $34 million on its first day, with over 1.6 million shares traded

The Bitcoin spot ETF "Morgan Stanley Bitcoin Trust" launched by Morgan Stanley had an active first day of trading, with over 1.6 million shares traded, recording approximately $34 million in inflows.

The fund is managed by Coinbase as the cold storage custodian, with BNY Mellon responsible for managing cash, administrative, and transfer functions, with a fee rate of 0.14%.