MSBT Spot Bitcoin ETF Launches on NYSE Arca With 0.14% Fee

Morgan Stanley’s spot Bitcoin ETF, **MSBT**, started trading on **NYSE Arca**. In its first day, MSBT reported about **$34M** in trading volume (about **$27M** earlier, then added roughly **$7M**) and **1.6M+ shares** traded. **MSBT Bitcoin ETF** launched with a **0.14% fee**, undercutting **Grayscale’s 0.15%** and well below **BlackRock’s IBIT at 0.25%**, setting a new low-cost benchmark among spot BTC ETFs. Early on-chain data from HODL15Capital said MSBT bought **430 BTC** on day one. The demand narrative emphasized interest from **high-net-worth investors**. Despite the aggressive pricing, broader spot Bitcoin ETF flows looked mixed: SoSoValue showed about **$124M net outflows** across funds after earlier inflows. BTC is trading slightly above **$71,000** near recent highs. For traders, MSBT’s low-fee structure can intensify short-term competition for inflows among spot Bitcoin ETFs, but the mixed flow backdrop suggests price impact on **BTC** will depend on whether MSBT’s early momentum translates into sustained net buying. Longer term, Morgan Stanley’s push fits a wider shift toward issuers building their own product infrastructure, including prior filings for **staked ETH** and **SOL**-linked ETFs.