Morgan Stanley BTC ETF attracts $34M on first day of trading

Morgan Stanley's spot Bitcoin ETF (MSBT) attracted approximately $34 million on its first day of trading on the U.S. stock market, with over 1.6 million shares changing hands, CoinDesk reported. The media outlet noted that the fund has the lowest fee among its peers at 0.14%. However, it remains uncertain whether MSBT can sustain its initial momentum in a market dominated by a few large firms.