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Frank Chaparro, industry influencer, reports that Morgan Stanley's bitcoin exchange-traded fund has attracted $194 million in its first month of trading with no net daily outflows.
The ETF's performance highlights continued investor interest in cryptocurrency products through traditional financial institutions.
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Chaparro has previously reported that business-to-business payments account for about $226 billion in annual stablecoin transactions. He also highlighted a Goldman Sachs report finding that 40% of individuals earning $500,000 or more live paycheck to paycheck. The latest ETF launch follows these trends in financial products and payment behavior.