$7T Morgan Stanley To Launch First Bank-Issued Bitcoin ETF on NYSE Tomorrow

Wall Street giant Morgan Stanley is set to launch its Bitcoin ETF tomorrow, which will be the first BTC fund issued by a bank. This comes as the Bitcoin funds see fresh inflows despite the U.S.-Iran war, which continues to pressure risk assets.

Morgan Stanley Bitcoin ETF To Launch Tomorrow

In an X post, Bloomberg analyst Eric Balchunas alluded to the NYSE listing notice, noting that the Morgan Stanley Bitcoin ETF looks to be going live tomorrow. The Wall Street giant will become the first bank to launch a BTC fund, while this will be the 13th spot BTC fund to launch.

The fund will launch on the NYSE under the ticker, ‘MBST.’ As CoinGape reported, Morgan Stanley’s fund will rival BlackRock’s IBIT, with a management fee of 0.14%, the lowest among existing funds except Van Eck’s, which has a fee waiver.

Balchunas had earlier noted that the cheap means that Morgan Stanley’s advisors will not feel conflicted about using the bank’s Bitcoin ETF. Meanwhile, the fund could also attract outside assets with the low fees.

The Bloomberg analyst recently highlighted why Morgan Stanley’s Bitcoin ETF launch was a ‘big deal,’ noting that the bank had over $7 trillion in clients’ assets under management. The bank currently ranks as the largest wirehouse firm by client assets.

Thanks to the number of assets the Wall Street giant manages, Balchunas believes it will see significant demand for its Bitcoin fund. He had previously described the move to launch a BTC ETF as smart, especially given that Morgan Stanley had opened crypto investments to all its wealth clients.

BTC ETFs See Largest Inflows In Over A Month

The imminent launch of Morgan Stanley’s Bitcoin ETF comes just as the existing BTC funds recorded their largest inflows in over a month. SoSoValue data shows that these funds took in $471.32 million yesterday, the largest inflows since February 25.

It is worth noting that these funds are also in the green this month, with net monthly inflows of $307 million. This comes as the U.S.-Iran war pressures the Bitcoin price, with the leading crypto currently trading below $70,000. especially with the U.S. President Donald Trump threatening to strike Iran’s infrastructure after today’s deadline.

As Morgan Stanley’s Bitcoin launches tomorrow, the focus will be on the total net assets that the fund can take in on its first day and how it can match BlackRock’s IBIT eventually. IBIT is currently the largest BTC fund, with total net assets of $63.30 billion.