# Morgan Stanley’s spot bitcoin exchange-traded fund (ETF) began trading Wednesday.

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

## Key points

- Morgan Stanley's spot bitcoin ETF, MSBT, launched with over 1.6 million shares traded on day one.
- MSBT charges a 0.14% expense ratio, making it the lowest-cost spot bitcoin ETF available.
- The ETF tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate for pricing.
- Morgan Stanley leverages its vast wealth management network to distribute MSBT to advisor-led investors.
- Experts expect MSBT to compete for capital with BlackRock's IBIT, which holds over $53 billion in assets.

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

[Read the full story on CoinDesk](https://www.coindesk.com/markets/2026/04/08/morgan-stanley-s-bitcoin-etf-draws-usd34-million-on-day-one)

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