Morgan Stanley launched its spot Bitcoin ETF, the MSBT, on April 8, 2026.
The new fund carries a 0.14% total fee. This rate undercuts the 0.25% fee charged by the current market leader, BlackRock’s iShares Bitcoin Trust (IBIT).
IBIT currently maintains dominance in assets under management and trading liquidity. However, analysts expect Morgan Stanley’s extensive wealth management distribution network to redirect new investment inflows toward the cheaper alternative.
The move highlights growing fee sensitivity among investors as the Bitcoin ETF market matures and more established financial institutions enter the space.