# Morgan Stanley is set to launch its spot bitcoin exchange-traded product, the Morgan Stanley Bitcoin Trust (MBST), on April 8.

*business · news · 2026-04-07 · Bitcoin Magazine*

## Key points

- Morgan Stanley will launch its own spot bitcoin ETF, MBST, on April 8, 2024.
- MBST will charge a 0.14% annual fee, undercutting BlackRock's IBIT and other competitors.
- Morgan Stanley is the first major U.S. bank to issue, not just distribute, a spot bitcoin ETF.
- MBST will use Coinbase as custodian and BNY Mellon for administration and cash custody.
- The product targets internal wealth management clients, potentially shifting ETF flows significantly.

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

[Read the full story on Bitcoin Magazine](https://bitcoinmagazine.com/news/morgan-stanleys-bitcoin-mbst-to-go-live)

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