$34M Day One: Morgan Stanley MSBT Shakes Bitcoin ETF Race

Morgan Stanley MSBT launched with $34M in first-day inflows and a 0.14% fee, the lowest ever for a U.S. Bitcoin ETF, reshaping the competitive race.

0.14% — the lowest fee ever attached to a U.S. Bitcoin ETF. On April 8, Morgan Stanley MSBT (Morgan Stanley Bitcoin Trust ETP) began trading on NYSE Arca, igniting a fee war in a market now worth more than $128 billion in total assets. This is not just another ETF launch — it marks the first time a major U.S. bank has manufactured its own spot Bitcoin product. Read more »