Morgan Stanley Bitcoin ETF Launch₿ Crypto•Bitcoin

Morgan Stanley Launches Bitcoin ETF, Igniting Fee Competition

April 9, 2026, 06:01 PM154 words10 sources
Bitcoin
Morgan Stanley (MSBT) launched the first spot Bitcoin ETF directly issued by a major US bank, debuting on the NYSE Arca with approximately $30.6 - $34 million in first-day inflows and over 1.6 million shares traded. The fund boasts the lowest expense ratio in the US market at 0.14%, undercutting BlackRock’s IBIT and Grayscale’s Bitcoin Mini Trust. Coinbase Custody and BNY Mellon handle custody and administration respectively. Analysts, including Eric Balchunas, hailed the launch as significant, projecting potential AUM of $5 billion within the first year, despite initial volume being lower than some previous ETF launches. While MSBT’s debut coincided with a broader outflow of $124.5 million from other spot Bitcoin ETFs, BlackRock’s IBIT continued to see inflows. The launch signals increasing institutional acceptance of Bitcoin and could initiate a 'fee war' among ETF providers, benefiting investors. Michael Saylor predicts Bitcoin has found its bottom near $60,000, fueled by ETF demand and macro factors.

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This article is based on analysis of 11 source articles from our news database.

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