Morgan Stanley’s MSBT Bitcoin ETF Debuts with $34M in First-Day Trading Volume

Morgan Stanley’s MSBT Bitcoin ETF Debuts with $34M in First-Day Trading Volume

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Banking giant Morgan Stanley’s long-awaited spot Bitcoin ETF, MSBT, started trading yesterday on NYSE Arca. And on its first day, it pulled in about $34 million in trading volume and saw over 1.6 million shares traded. ETF analyst Eric Balchunas had described MSBT’s debut as “arguably the biggest Bitcoin ETF launch since they began,” giving it a first-year AUM target of $5 billion. Halfway through its first trading session, Balchunas reported that the product had reached $27 million, and this was after he had estimated it would hit $30 million, before revising his projection to $50 million, which he said would

Source: https://cryptopotato.com/morgan-stanleys-msbt-bitcoin-etf-debuts-with-34m-in-first-day-trading-volume/