Bitcoin ETF Era Expands As Morgan Stanley Debuts On NYSE

Q: What is the ticker symbol for Morgan Stanley's Bitcoin ETF?

The ticker symbol for Morgan Stanley's Bitcoin ETF is MSBT.

Q: How does Morgan Stanley's Bitcoin ETF compare in fees to other Bitcoin ETFs?

Morgan Stanley's Bitcoin ETF has a sponsor fee of 0.14%, which is slightly lower than Grayscale Investments' fee of around 0.15%, making it the lowest-cost Bitcoin ETP among comparable offerings.

Q: What are the implications of Morgan Stanley launching a Bitcoin ETF for the financial industry?

Morgan Stanley's launch of a Bitcoin ETF marks a significant shift in the financial industry, as it is the first time a bank-affiliated asset manager has introduced a cryptocurrency product, potentially increasing institutional adoption of Bitcoin.

Wall Street’s financial advisory machine now has a direct line to Bitcoin. Morgan Stanley Investment Management launched its spot Bitcoin exchange-traded fund on NYSE Arca on Tuesday, backed by a network of roughly 16,000 financial advisors who can steer clients into the product through their standard brokerage accounts.

First Bank-Affiliated Asset Manager To Cross The Line

The fund, trading under the ticker MSBT, tracks Bitcoin’s daily price using the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Rate — a pricing tool that pulls executed trade data from major Bitcoin spot exchanges to generate a standardized settlement figure. While BlackRock and Fidelity already offer Bitcoin ETFs, neither is affiliated with a traditional US bank. Morgan Stanley’s entry fills that gap and marks the first time a bank-linked asset manager has brought a cryptocurrency product of this kind to market.

LATEST: 🏦 Morgan Stanley launches its Bitcoin ETF on NYSE Arca today, becoming the first major US bank to offer a publicly traded spot Bitcoin fund. pic.twitter.com/lRV9IOsgEO

— CoinMarketCap (@CoinMarketCap) April 8, 2026 Eric Balchunas of Bloomberg called it a dramatic shift for the industry. Just a few years ago, he said, such a move from Morgan Stanley would have been unthinkable.

Fees Set Below The Competition

Morgan Stanley priced MSBT at a 0.14% sponsor fee — a hair below Grayscale Investments, which charges around 0.15% for a comparable product. It’s a small difference on paper, but in a market where cost comparisons drive investor decisions, even a single basis point can tip the scales. The firm says that makes MSBT the lowest-cost Bitcoin ETP currently available among comparable offerings.

BTCUSD now trading at $71,102. Chart: TradingView BNY and Coinbase were tapped to handle custody of the fund’s digital assets. BNY also takes on the administrator and transfer agent roles, covering accounting, record-keeping, and cash management. The combination of a legacy banking giant and a major crypto exchange signals a deliberate effort to meet institutional standards from the start.

Launch Comes Amid Fresh Outflows Across Bitcoin Funds

The timing is not without friction. Bitcoin ETF products recorded their first week of net outflows just before MSBT went live, with close to $160 million pulled from these funds. Fidelity and Grayscale saw nearly $48 million and $42 million in withdrawals each. Despite the headwind, Morgan Stanley is pressing ahead. MSBT joins an ETF platform the firm launched in 2023, which now manages over $12 billion across 19 products. Adding a Bitcoin fund extends that lineup beyond traditional asset classes for the first time. Whether retail investors — guided by those thousands of financial advisors — will move in behind it remains the open question. *Featured image from Unsplash, chart from TradingView*