# Morgan Stanley Bitcoin Trust (MSBT) is the first spot Bitcoin exchange-traded fund (ETF) offered by a US bank.

*business · news · 2026-04-09 · Cointelegraph*

## Key points

- Morgan Stanley's MSBT is the first spot Bitcoin ETF launched by a US bank.
- MSBT recorded $30.6 million in inflows and $34 million in trading volume on debut.
- MSBT offers the lowest fee among US spot Bitcoin ETFs, trailing only BlackRock's IBIT in inflows.
- Total US spot Bitcoin ETF flows turned negative due to large outflows from FBTC and ARKB.
- MSBT's debut volume is modest compared to the January 2024 ETF launch wave.

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

[Read the full story on Cointelegraph](https://cointelegraph.com/news/morgan-stanley-bitcoin-etf-trails-blackrock-with-30m-in-first-day-inflows)

---

Canonical: https://newsio.io/n/8059af9d-a207-4597-9548-a6e43b71eebd/morgan-stanley-bitcoin-trust-msbt-is-the-first-spot-bitcoin-exchange-traded-fund
Summarized by Newsio from Cointelegraph. https://newsio.io/how-it-works