Morgan Stanley launches first US bank-linked spot Bitcoin ETF on NYSE Arca

Morgan Stanley Investment Management launched MSBT, a spot Bitcoin ETF on NYSE Arca. It’s the first US bank‑affiliated asset manager to bring a product of this kind to market. Source Details Context

The fund trades under ticker MSBT on NYSE Arca. It tracks daily pricing via the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Rate. Methodology

Sponsor fee is 0.14%. Morgan Stanley says that makes MSBT the lowest‑cost comparable Bitcoin ETP today. Pricing

BNY and Coinbase handle custody. BNY also serves as administrator and transfer agent. Operations

Bloomberg’s Eric Balchunas called the move a “dramatic shift” for the industry. Comment CoinMarketCap flagged the debut on launch day. Tweet

The launch lands as US Bitcoin ETFs posted roughly $160 million in net outflows the prior week. Fidelity and Grayscale saw about $48 million and $42 million withdrawn. Flows

MSBT expands Morgan Stanley’s ETF platform started in 2023, which manages over $12 billion across 19 products. Platform

Key points for investors:
- First bank‑linked spot Bitcoin ETF in the US Source
- 0.14% sponsor fee; positioned as lowest‑cost peer Pricing
- Uses CoinDesk’s 4 PM NY benchmark rate Methodology
- BNY and Coinbase for custody; BNY admin/transfer agent Operations
- Launch follows a week of ~$160M net outflows from Bitcoin ETFs Flows