# Coinbase CEO Brian Armstrong commented on the launch of a new Bitcoin ETF by Morgan Stanley (MSBT) The debut of MSBT on NYSE Arca exceeded all.

*fintech · news · 2026-04-09 · U.Today*

## Key points

- Morgan Stanley's MSBT is the first major U.S. bank-launched spot Bitcoin ETF.
- MSBT debuted with $34 million in trading volume and $36 million in net inflows.
- MSBT charges the lowest fee among Bitcoin ETFs at 0.14%.
- Coinbase Custody and BNY Mellon jointly serve as custodians for MSBT.
- Coinbase received preliminary OCC approval to establish a national trust bank.

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

[Read the full story on U.Today](https://u.today/coinbase-ceo-armstrong-breaks-down-significance-of-morgan-stanleys-historic-bitcoin-etf-launch)

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