U.S. spot Bitcoin (CRYPTO: BTC) ETFs recorded $186.1 million in net inflows on Wednesday as Morgan Stanley’s (NYSE:MS) MSBT crossed $103 million while Goldman Sachs (NYSE:GS) filed for its first Bitcoin ETF.
Morgan Stanley Beats WisdomTree In Week One
MSBT reached $103 million in total inflows just six trading days after launch, surpassing WisdomTree’s BTCW (BATS:BTCW) cumulative total of $86 million.
The fund charges a 0.14% expense ratio, the cheapest in the category.
Morgan Stanley’s wealth management network oversees trillions in client assets, giving MSBT direct distribution to investors.
However, the fund remains far smaller than BlackRock’s (NYSE:BLK) IBIT, …