I nvestors in the Morgan Stanley Bitcoin Trust (MSBT) will pay a 0.14% annual delegated sponsor fee, the lowest permanent fee among Bitcoin ETFs in the U.S.
Related Brief 3d ago
cryptocurrency Morgan Stanley's Bitcoin Trust Integrates Crypto-Native Custody into Brokerage Accounts
Investors gain spot bitcoin exposure through standard brokerage accounts. The Morgan Stanley Bitcoin Trust (MSBT), launched on April 8, tracks the price of the bitcoin using the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate. The trust holds bitcoin directly for investors, splitting operational duties between a crypto-native firm and a traditional bank. Coinbase Custody Trust Company manages the crypto custody and prime-broker operations. BNY Mellon handles fund administration, transfer agency, cash custody, accounting, and shareholder records. To reduce hacking risk, most of the trust's bitcoin holdings are kept in offline cold storage, with a smaller portion moved into hot wallets when authorized participants create or redeem shares in cash or in-kind. This makes MSBT the first cryptocurrency ETP offered by a U.S. bank-affiliated asset manager.
This pricing undercuts BlackRock’s IBIT at 0.25% and Grayscale’s Bitcoin Mini Trust ETF at 0.15%.
Related Brief 3d 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.
Morgan Stanley entered the U.S. spot Bitcoin ETF market on April 8, 2026, with a product that tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate. The bank's wealth management arm, which employs 16,000 financial advisors, recommends that clients allocate 2% to 4% of their portfolios to crypto.
Related Brief 2d 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.
Previously, clients could only access third-party Bitcoin ETFs. The launch of MSBT allows the bank to keep those fees inside its own platform.
Related Brief 3d ago
cryptocurrency Institutional Profit-Taking Triggers $159 Million Bitcoin ETF Exodus
Total net assets for Bitcoin ETFs fell to $88.71 billion on April 7 as spot Bitcoin ETFs recorded $159.10 million in net outflows. The exodus followed a price rally that pushed Bitcoin from $67,800 to $71,000, prompting institutional investors to sell holdings to realize gains. This session reversed the momentum of April 6, when the ETFs attracted $471.32 million in net inflows. Fidelity's FBTC led the retreat with $79 million in outflows, followed by Ark & 21Shares' ARKB at $74.7 million and Grayscale's GBTC at $11 million. BlackRock's IBIT remained an outlier with $40.4 million in inflows, while Morgan Stanley's MSBT debuted with $30.6 million in net inflows. The MSBT sponsor fee of 0.14% is the lowest among Bitcoin ETPs, undercutting the 0.15% fee of the Grayscale Bitcoin Mini Trust and the 0.25% fee of the iShares Bitcoin Trust. CoinGlass data confirms the net outflow of -2,310 BTC.
On its first day of trading on the NYSE Arca, MSBT recorded $33.8 million in assets and traded more than 1.6 million shares. The fund's first-day trading volume was $34 million.
Related Brief 1d ago
cryptocurrency Leveraged Bitcoin ETF Outflows Signal Caution Despite Bullish Daily Signals
Investors in the 2x Bitcoin Strategy ETF (BITX) withdrew $12.28 million on April 10, 2026. This redemption represents 1.18% of the fund's $1.04 billion in assets under management. The move follows a volatile stretch in the underlying cryptocurrency, leading traders to trim risk. BTC-USD is currently trading at $72,946.83, down 22.27% over the past three months. The one-day technical signal for the asset remains flashing Buy.
According to Bloomberg senior ETF analyst Eric Balchunas, these day-one inflows put the debut in the top 1% of all ETF launches.
Related Brief 1d ago
cryptocurrency Institutional Bitcoin ETF Inflows Surge to $600 Million Over Two Days
U.S. spot Bitcoin ETFs now hold 721,000 BTC, valued at approximately $56.7 billion. The accumulation happened through two consecutive days of strong accumulation. U.S. spot Bitcoin ETFs pulled in $358.1 million in net inflows on April 9, led by BlackRock’s iShares Bitcoin Trust (IBIT), which captured $269.3 million. Fidelity’s Wise Origin Bitcoin Bitcoin Fund (FBTC) added $53.3 million, while Morgan Stanley’s newly launched ETF attracted $14.9 million. Other contributors included Bitwise’s BITB ($11.7 million) and ARK 21Shares’ ARKB ($4.8 million). On April 10, ETFs recorded another $240 million in net inflows, with BlackRock's IBIT leading with $137.6 million and Fidelity's FBTC adding $78 million. This surge follows a brief retreat where nearly $250 million in outflows occurred over two sessions. The rapid return of capital underscores how quickly institutions can actually rotate into crypto exposure when risk conditions improve.
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