Morgan Stanleys Bitcoin ETF Hits $400 Million in Assets

Morgan Stanley's Bitcoin ETF has experienced rapid growth since its launch in April. The NYSE Arca-listed fund now has over $391 million in assets, a significant milestone for the financial institution.

The fund brought in more than $33 million on its first day and has continued to attract investors throughout the quarter. Senior Bloomberg Intelligence ETF analyst Eric Balchunas noted that this product has been one of the most successful funds launched so far this year.

In contrast, many other Bitcoin ETFs have seen outflows in recent weeks. However, Morgan Stanley's fund experienced a $15.7 million influx of new cash just this week alone, according to Farside Investors data.