Crypto

Morgan Stanley spot bitcoin ETF MSBT posts zero net outflows in first month

Morgan Stanley\'s spot bitcoin exchange-traded fund MSBT attracted $194 million in its first month and did not post net outflows on any day. The Block Crypto reported that no rival spot bitcoin ETF maintained the same streak over the period. MSBT logged $30.6 million of net inflows on its first day of trading on April 8. Its pace of inflows later slowed but remained positive, even as the broader market showed volatility.

Crypto

Morgan Stanley pilots spot cryptocurrency trading on E*Trade

Morgan Stanley has started a pilot programme for spot cryptocurrency trading on its retail brokerage platform E*Trade, The Block reported on Tuesday. Fees are lower than rivals, and the bank plans to expand the service to all 8.6 million E*Trade customers within the year. Morgan Stanley is also preparing additional services, including a feature to convert crypto directly into listed products such as ETFs, and tokenised stock trading for institutional clients in the second half.