Morgan Stanley is one of the largest US investment banks, founded in 1935 and headquartered in New York. It entered the regulated spot Bitcoin ETF market in April 2026 with MSBT, adding institutional distribution to a segment that until then belonged to specialist issuers and index houses.
MSBT is Morgan Stanley's spot Bitcoin ETF, launched in April 2026 with a competitive 0.14% fee. It is the firm's only crypto ETF to date, and its appeal rests less on cost than on distribution: Morgan Stanley reaches wealth-management clients that crypto-native issuers cannot.
With roughly $0.5B in crypto ETF assets, Morgan Stanley is a small holder of spot Bitcoin ETF AUM next to BlackRock, Fidelity and Grayscale — but it arrived more than two years after the January 2024 wave, so its flow numbers describe a fund still building a base rather than one defending share.
MSBT, a spot Bitcoin ETF launched in April 2026 with a 0.14% expense ratio. It holds bitcoin directly rather than futures.
About $0.5B in crypto ETF assets — small relative to the firm's overall scale and to the largest spot Bitcoin ETFs.
April 2026, well after the January 2024 cohort of US spot Bitcoin ETFs.