# Morgan Stanley’s ETF, trading under MSBT, began trading Tuesday with a 0.14% expense ratio.

*business · news · 2026-04-08 · CoinDesk*

## Key points

- Morgan Stanley launched MSBT, a spot bitcoin ETF with a 0.14% expense ratio, undercutting IBIT's 0.25%.
- MSBT can leverage Morgan Stanley's vast wealth management network to direct client allocations efficiently.
- IBIT remains the most liquid bitcoin ETF, but MSBT's lower fees may attract fee-sensitive investors.
- Morgan Stanley's ETF launch marks the first major challenge to IBIT's dominance in bitcoin ETF flows.
- The competitive landscape is shifting toward cost and distribution channels, not just liquidity and scale.

**Companies:** BlackRock, Morgan Stanley
**Countries:** United States

[Read the full story on CoinDesk](https://www.coindesk.com/markets/2026/04/07/blackrock-s-usd55-billion-ibit-fund-faces-its-toughest-rival-yet-in-morgan-stanley-s-massive-advisor-network)

---

Canonical: https://newsio.io/n/0bec1d17-b1a0-407f-a4c5-a090b97c6eb7/morgan-stanleys-etf-trading-under-msbt-began-trading-tuesday-with-a-0-14-expense
Summarized by Newsio from CoinDesk. https://newsio.io/how-it-works