# 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.
- MSBT leverages 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 entry may accelerate a market shift toward fee competition and advisor-driven flows.

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

[Read the full story on CoinDesk](https://www.coindesk.com/markets/2026/04/08/morgan-stanley-s-bitcoin-etf-opens-today-giving-blackrock-s-usd55-billion-ibit-fund-its-toughest-rival-yet)

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