Morgan Stanley is set to launch its spot Bitcoin ETF on Wednesday, April 8, under the ticker MSBT on NYSE Arca. The product, called the Morgan Stanley Bitcoin Trust, is expected to enter the market with a 0.14% annual fee, which is lower than the current 0.15% fee charged by Grayscale Bitcoin Mini Trust.
That makes MSBT the lowest-fee spot Bitcoin ETF now available in the US, at least based on the latest public filings and fund disclosures.
The fee matters because spot Bitcoin ETFs offer similar exposure, so cost can become a key difference for investors and advisers comparing products.
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The trust will not use leverage or derivatives. Instead, it is designed to track the price of Bitcoin through the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate, with the fund holding Bitcoin directly and valuing shares daily against that benchmark.
Morgan Stanley Bitcoin ETF fee puts MSBT straight into the price fight
The Morgan Stanley Bitcoin ETF is entering a market that already has large incumbents. BlackRock’s IBIT and Fidelity’s FBTC remain among the biggest names in the segment, while recent flow data also shows strong demand returning to US spot Bitcoin ETFs. On April 6, total daily net inflows reached $471.4 million, according to Farside Investors.
Morgan Stanley’s pricing appears targeted. Its 0.14% fee undercuts Grayscale Bitcoin Mini Trust’s 0.15% and also sits below the 0.25% level often associated with larger rival funds such as IBIT. In a crowded ETF market, even a small fee gap can matter because it affects long-term holding costs.
Bloomberg ETF analyst Eric Balchunas highlighted another part of the story. He said, “This bank happens to have 16k advisors managing $6T in assets. They are the ultimate gatekeepers of rich boomer money.” That comment points to Morgan Stanley’s distribution reach, not just the product itself.
Morgan Stanley Bitcoin Trust adds to the bank’s wider crypto push
The Morgan Stanley Bitcoin Trust also stands out because of who is behind it. Morgan Stanley is a major US commercial bank, and the launch places it more directly inside the regulated crypto investment market through an exchange-traded product listed on a national exchange.
According to the trust’s SEC filing, the fund’s delegated sponsor is Morgan Stanley Investment Management Inc.
The filing also says the trust plans to use Coinbase Custody Trust Company and The Bank of New York Mellon as Bitcoin custodians. The product will hold Bitcoin directly rather than relying on futures contracts or synthetic exposure.
The ETF launch also fits into Morgan Stanley’s broader digital asset push this year. Reports tied to the launch say the bank has also moved on other crypto-related products and services, including efforts tied to custody and additional ETF filings.
That makes the MSBT launch part of a larger expansion, not a one-off listing.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: April 8, 2026 • 🕓 Last updated: April 8, 2026
