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Home/Markets & Investing/BITCOIN ETF · CRYPTO IRS RULING

Morgan Stanley's Bitcoin ETF Debuts as the Market's Cheapest Spot Option

ZH

Zane Hastings

Bitcoin ETF · Apr 17, 2026

Investors can now access spot Bitcoin through the cheapest available option on the New York Stock Exchange. The MSBT Bitcoin ETF, launched by Morgan Stanley on April 8, 2026, carries a 0.14% expense ratio, making it the cheapest spot Bitcoin ETF currently available.

Related BriefJust now
investment funds

Morgan Stanley's Bitcoin ETF Lowers the Floor for Spot Bitcoin Exposure

Investors now have a spot bitcoin ETF with a 0.14% expense ratio. This fee structure makes the MSBT fund the cheapest product in its category. The pricing edge allows the fund to attract assets from existing funds, particularly among clients within Morgan Stanley's wealth management network. The fund, which tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate, began trading on April 8. MSBT attracted $103 million in inflows in its first six trading days. This total surpasses WisdomTree's BTCW cumulative total of $86 million.

This pricing strategy allows the fund to leverage Morgan Stanley's wealth management business, which manages trillion-dollar assets, to distribute the product to retail clients via managed portfolios. The fund attracted over $100 million in inflows within its first week of trading, the most successful ETF launch in the firm's history.

Related Brief3h ago
cryptocurrency

Morgan Stanley’s Bitcoin ETF Outpaces WisdomTree in Six Days

WisdomTree's lifetime total net inflows of $86 million have been surpassed in six trading sessions by the Morgan Stanley Bitcoin Trust (MSBT). The fund accumulated $103 million in net inflows following its April 8 launch. This growth was driven by a market-low expense ratio of 0.14%, which undercuts the Grayscale Bitcoin Mini Trust by a single basis point. The fund tracks the the CoinDesk Bitcoin Benchmark and is the first spot Bitcoin ETF issued directly by a traditional Wall Street banking institution. MSBT remains smaller than the Franklin Bitcoin ETF ($375 million), the Valkyrie Bitcoin ETF ($326 million), and The Invesco Galaxy Bitcoin ETF ($245 million). It remains significantly smaller than the market leaders, BlackRock's iShares Bitcoin Trust (IBIT) at $64.3 billion in cumulative inflows and the Fidelity Wise Origin Bitcoin Fund at $10.9 billion.

At this pace, MSBT is positioned to surpass the Invesco Galaxy, Valkyrie, and Franklin Bitcoin ETFs, which hold net inflows between $245 million and $375 million. The launch marks the first spot Bitcoin ETF issued by a major US bank, shifting the competition from asset managers to traditional banking institutions.

Related Brief7h ago
cryptocurrency

Bitwise Avalanche ETF Integrates Staking to Convert Institutional Capital Into Locked Supply

Investors now have a regulated path to Avalanche exposure that includes native yield. Bitwise launched the BAVA ETF on April 15, 2026, as the first U.S.-listed fund to integrate in-house staking infrastructure. Bitwise Onchain Solutions will stake 70% of the fund's held AVAX, removing those tokens from the liquid circulating supply. This process targets average staking rewards of 5.4%, with native yields historically ranging between 7% and 10% APY. These rewards accrue as additional AVAX tokens and feed directly into the fund's net asset value, net of a 0.34% sponsor fee. The fee is waived for the first month on the initial $500 million in assets.

Despite the fund's initial demand, Morgan Stanley stock fell to $187.32, down 2.24%.

Related Brief3d ago
cryptocurrency

Changpeng Zhao's memoir documents the regulatory cost of rapid crypto expansion

Changpeng Zhao served a four-month sentence in a United States federal prison. The sentence followed a period of rapid expansion where Zhao entered multiple jurisdictions simultaneously while global rules around digital assets were still evolving. This speed created regulatory vulnerability. Zhao documents these events in his memoir, Freedom of Money, published 8 April 2026.

Bitcoin ETFcrypto IRS rulingETF inflows dataIRA contribution limit IRSHSA eligibility IRS rulingSECURE 2.0 IRS guidance

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