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Home/Markets & Investing/BITCOIN ETF

Morgan Stanley Bitcoin ETF Undercuts BlackRock Fee by 11 Basis Points

AL

Arlo Livingston

Bitcoin ETF · Apr 9, 2026

Morgan Stanley Bitcoin ETF Undercuts BlackRock Fee by 11 Basis Points

Source: DojiDoji Data Terminal

Investors in the cheapest U.S. spot bitcoin ETF now pay a 0.14% management fee, a rate that undercuts BlackRock's IBIT by 11 basis points. The fund, trading under the ticker MSBT, launched on April 8, 2026, and drew approximately $34 million in net inflows and more than 1.6 million shares traded on its first day.

Related Brief2d ago
cryptocurrency etfs

Morgan Stanley's 0.14% Bitcoin ETF forces a fee reduction for spot funds

Investors in existing crypto ETFs may switch holdings to reduce management costs. Morgan Stanley launched its spot Bitcoin ETF, MSBT, on April 8 with an expense ratio of 0.14%. The rate undercuts Grayscale's Bitcoin Mini Trust ETF at 0.15% and BlackRock's iShares Bitcoin Trust at 0.25%. To retain assets, other ETF providers must now lower their fees. Morgan Stanley is the first U.S. bank to offer a bitcoin-based ETF, which drew $34 million in investment on its first day of trading. The fund tracks the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate. The bank's 16,000 wealth advisors, managing between $6.2 trillion and $7 trillion in client assets, can now recommend the fund directly to clients. These advisors can allocate 2% to 4% of growth portfolios to the firm-endorsed vehicle. Other brokerage firms may now engage with Bitcoin ETFs to avoid losing assets under management to Morgan Stanley.

Morgan Stanley Investment Management sponsors the fund, which tracks the Coindesk Bitcoin Benchmark 4 PM NY Settlement Rate. Coinbase Custody holds the physical bitcoin, and BNY Mellon handles cash and fund administration. The fund began trading with $1 million in seed capital.

Related Brief3d ago
crypto etfs

Morgan Stanley's 11-basis-point fee gap creates a default choice for wealth managers

Wealth managers can now allocate new inflows to the lowest-cost spot bitcoin ETF available. Morgan Stanley Investment Management launched the Morgan Stanley Bitcoin Trust (MSBT) on April Stanley Bitcoin Trust (MSBT) on April 8, 2026, as the first U.S. bank-affiliated asset manager to offer a crypto ETP. MSBT carries an expense ratio of 0.14%, which is 11 basis points lower than the 0.25% fee charged by BlackRock's iShares Bitcoin Trust (IBIT). This 44% reduction in cost creates immediate competitive pressure on the bitcoin ETP landscape. Morgan Stanley commands a network of 16,000 financial advisors who oversee $9.3 trillion in client assets. These advisors can shift client allocations to MSBT in the आपकी भाषा में a single trade. MSBT drew $34 million in net inflows and processed more than 1.6 million shares on its first day.

While competitors like BlackRock's IBIT currently hold roughly $55 billion in assets under management, Morgan Stanley enters the market with a captive distribution network. The bank manages between $6 trillion and $8 trillion in client assets through 16,000 financial advisors. This reach allows the fund to capture advisor-driven flows that competitors without a retail wealth platform cannot replicate.

Related Brief1d ago
cryptocurrency

Institutional ETF Inflows Reduce Available Bitcoin Supply

Available Bitcoin supply on exchanges is reduced when authorized participants purchase actual Bitcoin to back new shares generated by ETF inflows. On April 9, U.S. Spot Bitcoin ETFs recorded $358.1 million in net inflows, led by BlackRock’s iShares Bitcoin Trust (IBIT) with $269.3 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) contributed $53.3 million and Morgan Stanley’s MSBT added $14.9 million. Bitwise (BITB) added $11.7 million and Ark Invest (ARKB) added $4.8 million. Franklin Templeton (EZBC) and VanEck (HODL) each added over $2 million. Long-term holders expanded their holdings to 4,370,000 bitcoin as of April 7.

MSBT's 0.14% expense ratio is the lowest among all U.S. spot bitcoin ETFs.

Related Brief14h ago
geopolitics

Iran's Demand for Bitcoin Transit Fees Shifts Asset from Investment to Settlement Rail

Ships transiting the Strait of Hormuz are now facing demands for Bitcoin payments from Iran. The move positions Bitcoin as a neutral settlement rail for transactions during politically calamitous times rather than a speculative investment. This role in the Hormuz crisis suggests broader adoption by 2026.

Bitcoin ETF

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