Morgan Stanley Launches Low-Fee Bitcoin Spot ETF with 0.14% Annual Fee, the Lowest in the U.S.

Odaily News The New York Stock Exchange has officially approved the listing of Morgan Stanley's Bitcoin spot ETF. The product will trade on NYSE Arca under the ticker symbol MSBT. Morgan Stanley filed its S-1 registration statement in January 2026, with a seed investment of $1 million. The fund will hold actual Bitcoin, with Coinbase providing cold storage custody and BNY Mellon handling cash management, administration, and transfer agency functions.

MSBT has an annual fee of 0.14%, lower than Grayscale's current lowest fee of 0.15% and BlackRock's IBIT fee of 0.25%, making it the lowest among U.S. Bitcoin spot ETFs. MSBT is also the first Bitcoin spot ETF directly issued by a major U.S. bank. Morgan Stanley has over 16,000 financial advisors and plans to offer retail cryptocurrency trading through its E*Trade platform.

The total assets under management for the U.S. Bitcoin spot ETF market currently stand at approximately $83 billion. Analysts believe trading could commence within days to weeks.