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Morgan Stanley’s MSBT Bitcoin ETF May Launch on April 8 With 0.14% Fee

Morgan Stanley’s MSBT Bitcoin ETF May Launch on April 8 With 0.14% Fee

Morgan Stanley’s MSBT began trading on April 8 with about $34 million in first-day volume, 430 BTC purchased, and a 0.14% fee, while the broader Bitcoin ETF sector recorded net outflows.

BTC

Fact Check
The fee portion of the claim is well supported by fetched reports. 'Morgan Stanley Nears Bitcoin ETF Launch With Fee Below BlackRock' states that Morgan Stanley's amended S-1 proposed a 0.14% annual delegated sponsor fee for MSBT and quotes the filing language directly. 'Morgan Stanley files for cheapest Bitcoin ETF' independently says Morgan Stanley set the MSBT cost at 0.14%, below rivals. The launch-timing portion is somewhat weaker: '摩根士丹利比特币现货ETF或将于4月8日上市' says Eric Balchunas cited an NYSE listing notice showing MSBT appears set to take effect on April 8, and the AOL article similarly says Balchunas reported an NYSE listing notice as a key step before trading. However, no primary NYSE notice or fetched X post was directly retrieved in this run, so the April 8 launch remains plausible rather than fully confirmed.
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Summary

Morgan Stanley’s spot Bitcoin ETF, MSBT, began trading on NYSE Arca on April 8, recording 1.6 million shares traded and roughly $34 million in first-day volume. The fund bought 430 Bitcoin after taking in $30.6 million in net inflows on debut, according to the report, while Bloomberg ETF analyst Eric Balchunas said the launch ranked among the top 1% of ETF debuts over the past year. MSBT charges a 0.14% unitary delegated sponsor fee, lower than BlackRock’s IBIT at 0.25% and Grayscale’s Bitcoin Mini Trust ETF at 0.15%. The report also said the broader Bitcoin ETF sector saw $124 million in outflows on the same day, with only MSBT and IBIT posting positive inflows.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund designed to track Bitcoin’s price directly, giving investors regulated market exposure without holding the asset themselves.
  • MSBT: The ticker symbol for Morgan Stanley’s spot Bitcoin ETF listed on NYSE Arca.
  • IBIT: BlackRock’s iShares Bitcoin Trust, one of the largest U.S. spot Bitcoin ETFs by assets.