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Crypto

Morgan Stanley's Bitcoin ETF Surpasses $390 Million in Assets

Guavy AI Editorial Team
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BTC
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Morgan Stanley's Bitcoin exchange-traded fund (ETF) has reached nearly $400 million in assets under management, despite launching just three months ago. The NYSE Arca-listed fund was a roaring success on its first day, bringing in over $33 million in fresh cash.

This week alone, the fund attracted $15.7 million in new investment, according to Farside Investors data. Senior Bloomberg Intelligence ETF analyst Eric Balchunas has called it one of the most successful funds launched this year so far.

The strong institutional inflows indicate meaningful crypto adoption and funding, despite CoinShares warning of limited upside potential from current prices. Bitcoin's price currently stands at around $64,096.

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