Morgan Stanley Bitcoin ETF Records $66.8M Loss Amid $371.1M Inflows

MSBT posts $66.8M net asset decline in 85 days driven by unrealized Bitcoin losses, while attracting $371.1M in new subscriptions with minimal redemptions.

Woofun AI data shows that the Morgan Stanley Bitcoin Trust (MSBT) generated approximately $371.1 million in subscription contributions within 85 days of its listing, comprising roughly $200.3 million in cash and $170.8 million in Bitcoin. Despite this inflow, the fund's net assets declined by about $66.8 million, primarily due to $66.17 million in unrealized losses on Bitcoin, alongside $618,600 in realized losses and $72,300 in initiation fees. Investor redemptions remained negligible at 1.42% of total subscriptions, with 250,000 shares redeemed against 17.9 million issued. Share circulation rose from 17.65 million on June 30 to 21.74 million on July 31, a 23.17% increase, as creation and redemption transactions proceeded via approved participants at 10,000 shares per basket based on net asset value.