According to data from Farside Investors, Morgan Stanley officially launched its spot Bitcoin ETF (MSBT) on Wednesday, attracting $30.6 million in inflows on its first trading day, making it the first major U.S. commercial bank to offer such a product. MSBT has a management fee of 0.14%, currently the lowest among Bitcoin ETFs in the market. Despite the fund's solid first-day performance, the overall net outflow for U.S. spot Bitcoin ETFs on Wednesday was $124.5 million, marking the second consecutive trading day of net outflows. Bloomberg Intelligence analyst James Seyffart stated that this product may serve as a lead-in product, aimed at attracting high-net-worth cryptocurrency individuals to use its wealth management services.