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Sign InThe Bitcoin ETF landscape reached a major institutional milestone as Morgan Stanley launched its MSBT fund on NYSE Arca with a highly competitive 0.14% fee. The fund demonstrated immediate conviction by purchasing 430 BTC on its debut day, signaling a significant entry by a top-tier investment bank. Simultaneously, BlackRock's IBIT recorded its strongest performance since early March, attracting $269 million in daily inflows. These developments build upon the momentum established by XFUNDS' NGHT launch, as Bitcoin maintains its position above the $72,000 threshold. The influx of institutional capital and aggressive fee structures highlight the intensifying competition and growing sophistication of the digital asset market. This shift underscores a broader trend of mainstream financial integration for cryptocurrencies in the US market.