# commercial bank to launch a spot Bitcoin ETF.

*fintech · news · 2026-04-09 · Decrypt*

## Key points

- Morgan Stanley launched the MSBT spot Bitcoin ETF, the first by a major U.S. commercial bank.
- MSBT attracted $30.6 million in inflows on its first trading day.
- MSBT's 0.14% expense ratio is the lowest among Bitcoin ETFs, undercutting BlackRock's IBIT by 11 basis points.
- Despite MSBT's launch, spot Bitcoin ETFs saw net outflows of $124.5 million on Wednesday.
- Analysts project MSBT could reach $5 billion in assets under management in its first year.

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

[Read the full story on Decrypt](https://decrypt.co/363766/morgan-stanley-bitcoin-etf-draws-in-31m-on-first-trading-day)

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