Morgan Stanley launched in April its Bitcoin exchange-traded fund (ETF), the first ever created by a bank. This product, now approaching $400 million in assets under management, has proven to be one of the most successful funds launched this year. Investors have poured $15.7 million into the product this week alone. Bitcoin is currently trading around $64,096, down over 1% over the past 24 hours. American Bitcoin ETFs have received a total of $274 million in fresh investment this week.
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