Morgan Stanley Just Launched a Spot $BTC ETF $34M Absorbed Day 1
MSBT is live on NYSE Arca. First spot $BTC ETF from a major U.S. bank. $34M Day 1 at 0.14% fee , the lowest on Wall Street, directly undercutting BlackRock's IBIT.
Why this matters: - 16,000 Morgan Stanley advisors can now allocate client capital directly into $BTC - $9.3 trillion in AUM represents unprecedented institutional distribution capacity - Retail access via E-Trade follows next widening the channel further
$BTC near $70K with this demand pipeline entering is a structural setup. The big banks are not allocating. They are building. That distinction matters.