this product has set a new record for one of the world's largest banks, and it's a bitcoin product. the times they are a changin

Morgan Stanley just pulled off its most successful ETF launch in the firm's history

MSBT crossed $100M+ in net inflows in its first six trading days since going live on April 8th.

Key Factors

→ It's the cheapest spot BTC ETF on the market. At 0.14%, MSBT undercuts BlackRock's IBIT (0.25%) and resets the fee benchmark for institutional Bitcoin exposure.

→ It's the first spot BTC ETF issued by a major US bank

→ Distribution is the real story here. Every financial advisor at Morgan Stanley is now armed with a cheap, in-house bitcoin wrapper to put in front of clients

Bitcoin is being absorbed into the traditional financial system faster than most people realize