The cheapest bitcoin ETF yet: Morgan Stanley uses 0.14% fee to draw $100 million in first week
CoinDesk·3h ago·Positivity
What Happened
Morgan Stanley launched MSBT, a spot bitcoin ETF, on April 8, charging a 0.14% expense ratio—the lowest in its category. The fund attracted over $100 million in inflows during its first week. MSBT tracks the CoinDesk Bitcoin Benchmark and benefits from Morgan Stanley's wealth management distribution network overseeing trillions in assets. BlackRock's iShares Bitcoin Trust remains larger with $53 billion. Goldman Sachs and BlackRock are developing income-focused bitcoin ETFs, intensifying competition.
Key Entities
Morgan StanleyMSBTBitcoin ETF0.14% fee$100 million inflowsBlackRock iShares Bitcoin TrustGoldman SachsAmy Oldenburg