Overview
- Morgan Stanley’s Morgan Stanley Bitcoin Trust, which launched April 8, logged about $193–194 million in net inflows with no daily redemptions and roughly $239–240 million in assets by May 7.
- MSBT charges a 0.14% expense ratio, the lowest among U.S. spot Bitcoin ETFs, which can save about $1.1 million a year on a $1 billion allocation versus BlackRock’s 0.25% fee.
- The bank says most early subscriptions were self-directed rather than placed by its roughly 16,000 advisors overseeing $9.3 trillion, suggesting a larger pipeline once the wealth platform opens access.
- U.S.-listed Bitcoin ETFs took in $622.75 million for the week ending Friday, the sixth straight week of inflows led by BlackRock’s IBIT, lifting six-week totals to nearly $3.4 billion since April 2.
- To broaden crypto access beyond ETFs, Morgan Stanley launched direct trading on E*TRADE on May 6 with a 0.5% fee, giving retail clients a way to buy bitcoin, ether, and solana inside their brokerage accounts.