By Isaac • April 16, 2026 8:59 pm •
Wall Street likes to pretend it’s always been comfortable with Bitcoin. The tape tells a different story.
Morgan Stanley’s new spot Bitcoin ETF — ticker MSBT, launched April 8 — has pulled in more than $100 million in its first six trading days. That’s not just a solid start. According to the firm’s own head of digital assets, it’s the most successful ETF launch in Morgan Stanley’s history.
The kicker? MSBT is now the cheapest spot Bitcoin product on Wall Street, charging a 0.14% expense ratio that undercuts every competitor — including BlackRock’s IBIT, the category leader with more than $53 billion in assets.
Here’s how CoinDesk laid it out:
Morgan Stanley’s (MS) spot bitcoin exchange-traded
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