# Morgan Stanley launched the MSBT spot Bitcoin ETF on April 8 with a 0.14% expense ratio, becoming the first major US bank to offer direct Bitcoin exposure.

*fintech · news · 2026-04-13 · TechBullion*

## Key points

- Morgan Stanley launched the first bank-issued spot Bitcoin ETF, MSBT, on April 8, 2024.
- MSBT undercuts BlackRock’s IBIT with a 0.14% expense ratio and drew $34 million on day one.
- 16,000 Morgan Stanley wealth advisors now offer direct Bitcoin exposure to $1.9 trillion in client assets.
- Pepeto presale raised over $8.8 million, with its zero-fee swap engine and staking already live.
- VanEck’s AVAX ETF launched in January 2026, doubling Avalanche’s RWA tokenization TVL to $2.1 billion.

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

[Read the full story on TechBullion](https://techbullion.com/bitcoin-price-prediction-as-morgan-stanley-launches-spot-etf-and-pepeto-tops-8-8m/)

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