BlackRock Posts Massive Bitcoin ETF Inflows as Morgan Stanley Debuts MSBT With Strong Early Demand
Inflows into U.S. spot Bitcoin ETFs surged Thursday, led by BlackRock’s iShares Bitcoin Trust, which pulled in $269.3 million, its strongest single-day performance in five weeks. The move followed a period of volatility tied to geopolitical tensions
Despite the debut, U.S. spot bitcoin ETFs saw $94 million in net outflows. Fidelity’s FBTC and Ark & 21Shares’ ARKB led redemptions, while Grayscale’s GBTC also posted losses. BlackRock’s IBIT bucked the trend with $40.4 million in inflows.
The flows highlight ongoing rotation among institutional investors amid bitcoin price volatility, with traders taking profits after the asset climbed back above $70,000.
Morgan Stanley’s entry is seen as a structural shift, leveraging its $6 trillion wealth management network and thousands of financial advisors to distribute crypto exposure more broadly. Analysts say fee compression and distribution advantages will likely shape the next phase of competition.
Inflows into MSBT will be watched to see if traditional banks can challenge ETF leaders.
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