Morgan Stanley Bitcoin ETF trails BlackRock with $30M in first-day inflows
Burns Brief
Morgan Stanley’s Bitcoin ETF drew $30 The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
Morgan Stanley’s Bitcoin ETF drew $30.6 million in first-day inflows, ranking second behind BlackRock’s IBIT as US spot Bitcoin ETFs clocked net outflows on Wednesday.
Key Takeaways
- 6 million in first-day inflows, ranking second behind BlackRock’s IBIT as US spot Bitcoin ETFs clocked net outflows on Wednesday