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According to The Block, the Morgan Stanley Bitcoin ETF (MSBT) had a cumulative net inflow of $193.6 million in its first month of listing, with no net outflow of funds. As of May 7th, net assets reached $239.6 million. The fund was launched on April 8th, with a net inflow of $30.6 million on the first day and a trading volume of approximately $34 million. It was hailed by Morgan Stanley's head of digital asset strategy as the bank's most successful ETF debut. The MSBT management fee is 0.14%, the lowest among US spot Bitcoin ETFs.