Morgan Stanley Bitcoin ETF Nears $400 Million in Assets Under Management

Morgan Stanley's Bitcoin ETF has approached $400 million in assets under management since its April launch. According to Bitcoin Magazine, the fund surpassed $391 million in assets, listed on NYSE Arca as the bank's first Bitcoin ETF. It attracted over $33 million in new inflows on its first day, ranking among the most successful funds launched this year. This week alone saw $15.7 million in new inflows, with U.S. Bitcoin ETFs collectively receiving $274 million. After weeks of outflows, the U.S. Bitcoin ETF market turned to inflows last week, though all funds except Morgan Stanley's saw withdrawals on Thursday. Morgan Stanley began offering Bitcoin exposure to high-net-worth clients via Galaxy Digital in 2021, with CEO Ted Pick recently stating the bank is reviewing regulatory approaches to safely provide cryptocurrency services.