- The crypto fund market has a new player.
- Morgan Stanley’s Bitcoin ETF attracted more than $30 million in investment on its first day.
- The fee is 0.14%.
Investment giant Morgan Stanley has officially entered the US crypto fund market, launching the exchange-traded product Morgan Stanley Bitcoin Trust (MSBT), which on its very first trading day showed strong investor demand — the fund’s assets topped $30 million.
Trading in MSBT kicked off on April 8, 2026, on the NYSE Arca exchange, following an earlier listing on the New York Stock Exchange (NYSE) in March.
What We Know about the New Bitcoin Fund
MSBT is positioned as a tool for investors who want exposure to bitcoin without directly buying the cryptocurrency. The company emphasizes:
“Gain exposure to Bitcoin, the first and most broadly held cryptocurrency, offered by a trusted firm with 100 years of experience serving investors.”
Key fund features:
- Fee: 0.14%
- Assets: more than $31.6 million in bitcoin (more than 444 BTC)
- Price: around $20.47 per share
The fund uses a hybrid custody model: the traditional custodian is Bank of New York Mellon, and the crypto custodian is Coinbase Custody.
MSBT’s strong debut underscores a new phase in the crypto ETF market, where the key differentiators are not only the products themselves, but also fee levels, access to a client base, and trust in the brand.
Analysts expect that Morgan Stanley could quickly close the gap with market leaders thanks to its large-scale infrastructure and broad investor audience.
As a reminder, Bloomberg experts believe that the average ETF lifespan has fallen to less than two years.