"Morgan Stanley's Bitcoin Trust, trading under the ticker MSBT, holds physical bitcoin and tracks the Coindesk Bitcoin Benchmark 4 PM NY Settlement Rate. The fund's management fee of 0.14% is the lowest among U.S. spot bitcoin ETFs, positioning it competitively against Blackrock's IBIT, which charges 0.25%."
"On its first trading day, MSBT logged approximately $34 million in net inflows and processed more than 1.6 million shares. Early volume estimates suggested that the final tally could approach $50 million, indicating a strong market reception."
"Bloomberg ETF analyst Eric Balchunas described MSBT's launch as arguably the biggest bitcoin ETF launch since they began, highlighting its potential impact on the market and the ongoing fee competition among bitcoin ETFs."
Morgan Stanley launched its spot bitcoin ETF, MSBT, on April 8, 2026, becoming the first major U.S. bank to do so. The ETF features a management fee of 0.14%, undercutting Blackrock's IBIT by 11 basis points. On its first day, MSBT attracted approximately $34 million in net inflows and traded over 1.6 million shares. Bloomberg's Eric Balchunas estimates that MSBT could reach $5 billion in assets under management within its first year, marking a significant entry into the bitcoin ETF market.
Read at news.bitcoin.com
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