Morgan Stanley's spot Bitcoin ETF, MSBT, has seen $116M in cumulative net inflows since its launch on Apr. 8.

$BTC $ETH $BNB prices remain steady with $BTC at $64,000, $ETH at $3,200, and $BNB at $600, all up 0% in the last 24h.

Morgan Stanley's MSBT ETF is the first cryptocurrency ETP from a US bank-affiliated asset manager, with a low sponsor fee of 0.14%. This move marks a significant milestone for Wall Street's involvement in crypto. The $116M inflows are minimal compared to the $1.9T Wall Street market.

The news has a mildly positive impact on $BTC short term, potentially pushing it towards $65,000. Long term, it could attract more institutional investment into $BTC and $ETH.

I'm bullish on $BTC as Wall Street's involvement will likely drive prices up. This is a significant step towards mainstream adoption.

#Bitcoin #BTC #Crypto #MorganStanleyETF #WallStreetCrypto