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According to CoinDesk, Morgan Stanley’s spot Bitcoin ETF, the “Morgan Stanley Bitcoin Trust,” saw active trading on its first day, with over 1.6 million shares traded and approximately $34 million in net inflows. Coinbase serves as the cold-storage custodian for the fund, while BNY Mellon handles cash management, administrative, and transfer functions. The fund’s expense ratio is 0.14%.
According to on-chain analyst Yujin (@EmberCN), of the 5,000 ETH planned for sale by the Ethereum Foundation, 3,750 ETH have already been sold, generating approximately $8.3 million in proceeds at an average sale price of $2,214 per ETH.