# Morgan Stanley launched its spot bitcoin exchange-traded fund today.

*business · news · 2026-04-08 · Bitcoin Magazine*

## Key points

- Morgan Stanley launched its own spot bitcoin ETF, MSBT, with a 0.14% expense ratio.
- MSBT's fee is the lowest among spot bitcoin ETFs, undercutting BlackRock's IBIT at 0.25%.
- Morgan Stanley is the first major U.S. bank to issue and list its own spot bitcoin ETF.
- Morgan Stanley's wealth management division can directly allocate MSBT to over $6 trillion in client assets.
- Morgan Stanley has filed for additional crypto products and plans direct crypto trading via E*Trade.

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

[Read the full story on Bitcoin Magazine](https://bitcoinmagazine.com/news/morgan-stanley-us-bank-spot-bitcoin-etf)

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