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Morgan Stanley Bitcoin ETF

MSBTSpot ETFNew

Morgan Stanley · NASDAQ · United States

MSBT is the first spot Bitcoin ETF issued by a major US bank (Morgan Stanley), a regulatory and symbolic milestone. Launched on April 8, 2026, it breaks into the market with a 0.14% TER, almost half that of IBIT (0.25%), and gathered more than $100M in its first week. It uses Coinbase for custody and BNY Mellon for cash administration. It tracks the CoinDesk Bitcoin Benchmark at 4PM NY. The regulatory impact is significant: it definitively validates the asset for traditional banking and opens the door to other big banks (Goldman, JP Morgan, Wells Fargo). Listed on NASDAQ.

AUM$194.6M0.2% of the US spot market
BTC in Custody· as of Jul 293,046$194.6M live value
Expense Ratio0.14%annual · on AUM
InceptionAbr 2026NASDAQ

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Net Flows

Source: Farside
Latest day+$0.0000
Month to date (MTD)+$66.1M
Year to date (YTD)+$430.9M
All-time since launch+$430.9M

Daily flows are refreshed every morning via automated scraping of Farside Investors. Positive flows = net capital inflows; negative flows = outflows.

Last updated: Jul 29, 2026, 11:57 PM

Fund Details

TickerMSBT
IssuerMorgan Stanley
ExchangeNASDAQ
Reference indexCoinDesk Bitcoin Benchmark 4PM NY Settlement Rate
CustodianCoinbase Custody
Inception dateAbr 2026
Structure1933 Act ETF
TER (expense ratio)0.14% annual
Shares outstanding2.00M

Marketloading live…

Last session price
Intraday change
24h volume
Premium / Discount vs NAV

Weekly Net Flows

17 weeks · source: Farside
-$78M-$39M$0$39M$78MApr 26Apr 26May 26Jun 26Jun 26Jul 26Jul 26
Net inflows Net outflowsHover: weekly detail

Bitcoin Exposure

Morgan Stanley Bitcoin ETF holds 3,046 in custody with Coinbase Custody. Each ETF share represents a proportional fraction of those Bitcoin, giving investors direct exposure to the BTC spot price without the operational risks of self-custody (wallets, private keys). The ETF tracks the BTC price via the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate index.

Live BTC price: $63,896 · BTC value in custody today: $194.6M

Official DocumentationMorgan StanleyProduct page at the issuer and SEC prospectus

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Disclaimer: SatsIntel is for informational purposes only. It is not an authorized crypto-asset service provider (CASP) and does not provide financial, tax or legal advice. Crypto-assets are high-risk assets and may result in the total loss of the invested capital. See the legal terms.