# On April 8, Morgan Stanley’s spot Bitcoin exchange-traded fund began trading on the NYSE Arca under the ticker MSBT.

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

## Key points

- Morgan Stanley's MSBT ETF launched with $34 million in volume and 430 Bitcoin purchased on day one.
- MSBT charges a 0.14% sponsor fee, making it the lowest-cost spot Bitcoin ETF in the U.S.
- Morgan Stanley is the first major U.S. bank to issue a spot Bitcoin ETF under its own name.
- MSBT leverages a 16,000-advisor network managing $6.2 trillion, creating a strong distribution advantage.
- Firm advisors now recommend a 2%–4% Bitcoin allocation for growth portfolios, signaling institutional adoption.

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

[Read the full story on CryptoSlate](https://cryptoslate.com/morgan-stanley-bitcoin-etf-msbt-430-btc-blackrock-ibit/)

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