Morgan Stanley’s new Bitcoin ETF buys 430 BTC on debut, raising pressure on BlackRock’s IBIT

On April 8, Morgan Stanley’s spot Bitcoin exchange-traded fund began trading on the NYSE Arca under the ticker MSBT, logging 1.6 million shares and roughly $34 million in volume on its highly anticipated first day. The MSBT fund purchased 430 Bitcoin on day one, following $30.6 million in net inflows. Speaking on this performance, Bloomberg ETF analyst Eric Balchunas noted that MSBT’s achievement comfortably places i…