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Morgan Stanley's $MSBT has crossed $184M in total inflows since launch with zero outflow days recorded.
What makes this more interesting is the fee. At 0.14%, it's currently the cheapest spot $BTC ETF on the market, cheaper than BlackRock's IBIT at 0.25%.
Morgan Stanley also has one of the largest wealth advisor networks in the world. That distribution edge is serious. TradFi is not just watching $BTC anymore. They are buying it for their clients.
The demand is real and it is growing. but the next move for $BTC is quite uncertain
$CHIP just pulled back hard from $0.14 to $0.07 but this looks like classic post-launch profit taking from CoinList early buyers who got in at $0.03.
The support zone is holding around $0.07 and the fundamentals are real. GPU backed lending protocol, backed by Framework Ventures and Coinbase Ventures, live product with actual borrowers.
Only 20% of supply is circulating right now. If that support flips to demand, a new ATH push is very much on the table.