emergencyBreaking NewsLeveraged S&P 500 ETFs do not double long-term returnsCharles Schwab retail clients can now trade bitcoin and ethereumXRP Surpasses Top 10 Cryptocurrencies as Institutional ETF Inflows Hit $30M in Three DaysEuropean banks target 2026 for euro stablecoin launch to break US digital payment dominanceXRP's $1.45 Wall Faces Real Demand From Japan's Rakuten and European InstitutionsLeveraged S&P 500 ETFs do not double long-term returnsCharles Schwab retail clients can now trade bitcoin and ethereumXRP Surpasses Top 10 Cryptocurrencies as Institutional ETF Inflows Hit $30M in Three DaysEuropean banks target 2026 for euro stablecoin launch to break US digital payment dominanceXRP's $1.45 Wall Faces Real Demand From Japan's Rakuten and European Institutions
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Home/Markets & Investing/BITCOIN ETF · VANGUARD

Wall Street Banks Race to Capture Bitcoin Management Fees

RL

Reese Lawson

Bitcoin ETF · Apr 17, 2026

Financial advisers at Morgan Stanley and other major banks are now competing to capture the Bitcoin assets of their clients. Morgan Stanley's in-house Bitcoin ETF attracted $100 million in its first six days of trading. Goldman Sachs and Charles Schwab are also preparing their own branded crypto products, and Charles Schwab has begun offering crypto trading to its customers.

Related Brief2h 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.

This shift marks a turning point for institutions that previously rejected Bitcoin. The banks are racing to keep crypto-interested clients and their assets under one roof to avoid ceding assets and millions in management fees to BlackRock and other existing ETF providers. Morgan Stanley manages $6.2 trillion across 16,000 financial advisers, while the group of banks collectively manage over $15 trillion in assets.

Related Brief1h ago
clean energy investments

iShares ICLN Offers Broadest Global Clean Energy Exposure but Carries Currency and Geopolitical Risks

The iShares Global Clean Energy ETF (ICLN) has gained 20% year to date in 2026, driven by a 76% return over the past year. This performance comes with a 0.39% expense ratio, the lowest of the three clean energy ETFs analyzed. ICLN holds companies in more than 20 countries, including China, India, and Europe, which introduces foreign-exchange risk and sensitivity to policy shifts in those regions. The fund’s largest holding, NextPower, accounts for 10.2% of its portfolio, creating meaningful concentration risk for a fund with global ambitions.

Bitcoin ETFVanguardcrypto IRS rulingIRA contribution limit IRSHSA eligibility IRS rulingBlackRockSECURE 2.0 IRS guidance

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