Morgan Stanley Bitcoin ETF Tops WisdomTree in Six Dayshi

That figure surpasses the $86 million WisdomTree's fund has accumulated since its January 2024 launch.kal

Bitcoin News

The Morgan Stanley Bitcoin Trust has overtaken the WisdomTree Bitcoin Fund in total net inflows after just over a week of trading, according to data from Farside Investors. The fund, which launched on April 8, added $19.3 million in investor inflows on Wednesday alone, bringing its cumulative total to $103 million.

That figure surpasses the $86 million WisdomTree's fund has accumulated since its January 2024 launch. The Morgan Stanley Bitcoin Trust, ticker MSBT, entered the market at a fee of 0.14%, one basis point below the Grayscale Bitcoin Mini Trust

, making it the lowest-cost option among U.S. spot BTC ETF products at launch.

MSBT now sits within range of several other funds that have been trading for over two years. The Invesco Galaxy Bitcoin ETF holds $245 million in net inflows, the Valkyrie Bitcoin ETF holds $326 million, and the Franklin Bitcoin ETF holds $375 million. BlackRock's iShares Bitcoin Trust leads the field by a wide margin at $64.3 billion, followed by the Fidelity Wise Origin Bitcoin Fund at $10.9 billion.

Goldman Sachs filed with the SEC on Tuesday to launch its own Bitcoin-linked ETF using an options strategy, adding to a growing list of traditional finance institutions entering the space. The filing marks a shift for the bank, which had previously been critical of