Morgan Stanley will launch the Morgan Stanley Bitcoin Trust (MSBT) on the New York Stock Exchange. Trading is scheduled to begin on April 8, 2026. The product represents the first spot bitcoin ETF launched by a major U.S. commercial bank.
The new fund features a management fee of 0.14%. This pricing undercuts the 0.25% fee charged by BlackRock’s iShares Bitcoin Trust (IBIT). IBIT currently leads the spot bitcoin ETF market in assets under management.
The entry of a major bank with a lower fee structure signals a new phase of competition for the Bitcoin ETF sector.