# Morgan Stanley has entered the spot bitcoin ETF market with the launch of its Bitcoin Trust (MSBT) MSBT carries a 14 basis point fee, undercutting many existing.

*business · news · 2026-04-09 · Bitcoin Magazine*

## Key points

- Morgan Stanley launched its Bitcoin Trust (MSBT) ETF with a 14 basis point fee.
- MSBT debuted with $30.6 million in net inflows and $34 million in trading volume.
- Despite MSBT's launch, U.S. spot bitcoin ETFs saw $94 million in net outflows Wednesday.
- BlackRock’s IBIT attracted $40.4 million in inflows, reinforcing its dominance among spot bitcoin ETFs.
- Fee compression is intensifying, with new entrants like MSBT undercutting existing ETF products.

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

[Read the full story on Bitcoin Magazine](https://bitcoinmagazine.com/news/morgan-stanleys-bitcoin-etf-debuts)

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