Morgan Stanley's spot bitcoin ETF, MSBT, recorded about $34 million in trading volume on its launch day. Yahoo Finance data showed 1,658,176 shares traded on Wednesday. MSBT launched with a 0.14% sponsor fee, below BlackRock's 0.25% and Grayscale Bitcoin Mini Trust's 0.15%. The debut exceeded Bloomberg senior analyst Eric Balchunas's $30 million estimate.