Morgan Stanley's spot BTC ETF surpasses $27M in day one trading

Bloomberg ETF analyst Eric Balchunas reported that Morgan Stanley's spot Bitcoin ETF (MSBT), which listed on the U.S. stock market today, has already surpassed $27 million in trading volume. Balchunas added that the fund looks certain to exceed its expected volume of $30 million and is projected to reach around $50 million. He noted this performance would place it in the top 1% of all ETF launches. For comparison, Balchunas explained that last year, only a handful of products such as BSOL, XRPC, and DRAM recorded first-day trading volumes of around $60 million.