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Home/Markets & Investing/BITCOIN ETF

Morgan Stanley's Bitcoin Trust carries the lowest management fee among spot BTC ETFs

SH

Sienna Hastings

Bitcoin ETF · Apr 10, 2026

Morgan Stanley's Bitcoin Trust carries the lowest management fee among spot BTC ETFs

Source: DojiDoji Data Terminal

Investors in the Morgan Stanley Bitcoin Trust (MSBT) pay a management fee of 0.14%, the lowest among all available spot BTC ETFs. BlackRock’s iShares Bitcoin Trust charges 0.25% and Grayscale’s fund charges 0.15%.

Related Brief3d 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.

Trading on the opening day for MSBT reached approximately $34 million, exceeding analyst estimates of $30 million. More than 1.65 million shares changed hands at an average price of $20.47 per share.

Related Brief2d ago
exchange traded funds

Nicholas Wealth Management isolates Bitcoin's overnight alpha to hedge against daytime volatility

Investors can now isolate Bitcoin's overnight alpha while reducing exposure to global market volatility during trading hours. This is the mechanism of the Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT), launched by XFUNDS by Nicholas Wealth in partnership with Tidal Investments. The fund is actively managed and provides long Bitcoin exposure during overnight hours and allocates to short-term U.S. Treasuries and short-term U.S. Treasuries and cash equivalents during daytime trading. The fund does not invest directly in Bitcoin or any other digital assets and does not seek direct exposure to the spot price of Bitcoin.

Bitcoin ETF

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