Key Highlights
- Morgan Stanley Bitcoin Trust (MSBT) achieved over $103M in total net inflows within its first six trading days
- The fund has already exceeded WisdomTree’s Bitcoin product, which has been gathering assets since January 2024
- Goldman Sachs submitted an SEC filing to introduce its own Bitcoin-linked exchange-traded fund
- US spot Bitcoin ETFs recorded $411.5M in net inflows on Tuesday, bringing 2026 year-to-date figures back to positive levels
- Bitcoin touched $76,000 briefly before retreating to approximately $73,600 on Wednesday
Morgan Stanley’s spot Bitcoin exchange-traded fund debuted on April 8 with an ultra-competitive fee structure of 0.14%, establishing itself as the most affordable offering available when it hit the market.
Within just six trading sessions, the Morgan Stanley Bitcoin Trust accumulated $103 million in aggregate net inflows. This performance places it ahead of the WisdomTree Bitcoin Fund, which has been gradually building its $86 million total since its January 2024 launch.
The MSBT secured $19.3 million in new capital on Wednesday alone, based on figures from Farside Investors.
Data from Arkham indicates the fund has acquired $83.6 million worth of Bitcoin since its inception. Current on-chain holdings show approximately $64.4 million stored in blockchain addresses.
Morgan Stanley’s debut has been characterized as the first spot Bitcoin ETF issued directly by a major Wall Street bank. The product entered a marketplace already populated by 11 competing spot Bitcoin investment vehicles.
BlackRock’s iShares Bitcoin Trust maintains its dominant position with $64.3 billion in cumulative net inflows. Fidelity’s offering holds $10.9 billion in net inflows.
If MSBT maintains its current trajectory, it could soon surpass the Invesco Galaxy, Valkyrie, and Franklin Bitcoin ETFs, which collectively hold between $245 million and $375 million in net inflows.
Goldman Sachs Enters the Bitcoin ETF Arena
Goldman Sachs submitted regulatory paperwork with the SEC on Tuesday to establish its own Bitcoin-linked ETF. This move marks a significant shift for the institution, which has historically been skeptical of cryptocurrency investments.
On that same trading day, US spot Bitcoin ETFs collectively attracted $411.5 million in net inflows, marking the second-strongest daily performance in April. This surge pushed 2026’s cumulative flows back into positive territory, reaching approximately $245 million.
Combined assets under management across all US spot Bitcoin ETFs climbed above $96.5 billion, reaching the highest point since mid-March.
BlackRock dominated Tuesday’s inflows with $214 million in new capital. ARK 21Shares captured $113 million while Fidelity secured $45 million. Notably, no ETF experienced outflows during that session.
Bitcoin Price Movement and Network Trends
Bitcoin momentarily surged to $76,000 on Tuesday, marking its strongest level since February. The cryptocurrency then experienced a nearly 3% decline on Wednesday, dropping to an intraday low of $73,617 as investors locked in profits following the 7% rally.
Blockchain analytics reveal that transfers of at least 1 Bitcoin to centralized exchanges have decreased dramatically. On Binance specifically, the monthly average has declined to roughly 6,000 Bitcoin, mirroring 2018 levels and substantially below the 15,400 Bitcoin figure recorded in 2021.
On a worldwide scale, transfers of at least 1 Bitcoin to exchanges have contracted to around 27,500 Bitcoin, compared to approximately 80,000 at the 2018 peak.
Market observers attribute this decline to elevated Bitcoin valuations, increased ETF accessibility, and a shift toward longer-term holding strategies among investors.
Bitcoin was changing hands near $73,000 as of Wednesday, showing a 1% decrease over 24 hours while posting gains of 2.9% over the previous week and 7.5% across the past two weeks.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
