Morgan Stanley’s newly launched Bitcoin exchange-traded fund (ETF), MSBT, has rapidly hauled in more than $100 million, leveraging the lowest fees in the market to outpace the WisdomTree Bitcoin Fund (WBTC) in net inflows, despite being live for less than a week.
MSBT Surges Past $100 Million in Its First Trading Week
Morgan Stanley’s MSBT has outpaced a key rival in just its first week on the market, highlighting robust early investor appetite for the bank’s newest foray into digital assets.
Within only six trading days of launch, the fund soared past $103 million in total net inflows—overtaking the WisdomTree Bitcoin Fund’s $86 million cumulative haul, Farside Investors data shows.
MSBT debuted on April 8 with a market-leading fee of 0.14%, narrowly undercutting the Grayscale Bitcoin Mini Trust ETF (BTC) by just 1 basis point. It entered a crowded sector of 11 spot Bitcoin ETFs, alongside major players like BlackRock’s iShares Bitcoin Trust (IBIT), which leads the market with $64 billion in net inflows, and the Fidelity Wise Origin Bitcoin Fund, which has drawn $10.9 billion since launching in January 2024.
MSBT’s competition also includes Bitcoin funds from Bitwise, ARK 21Shares, and Grayscale. The ETF benefits from an immediate distribution edge via Morgan Stanley’s expansive wealth management platform, which manages trillions in client assets.
 
If its momentum continues, Morgan Stanley’s fund could soon close in on—and potentially usurp —Invesco Galaxy Bitcoin ETF (BTCO), Valkyrie Bitcoin ETF (BRRR), and Franklin Bitcoin ETF (EZBC), which have recorded net inflows of $246 million, $327 million, and $374 million, respectively.
Wall Street’s Crypto Push
Morgan Stanley’s crypto ETF push has already drawn reactions from rival institutions. Earlier this week, ZyCrypto reported that Goldman Sachs had filed to launch a Bitcoin Premium Income ETF—one of its first direct steps into crypto investment products. The proposed fund would employ options strategies to generate yield, reflecting a broader shift toward structuring bitcoin exposure into income-producing vehicles rather than pure price appreciation.
Meanwhile, BlackRock is developing a comparable income-focused ETF, underscoring intensifying competition as major issuers move beyond basic spot products to more sophisticated, yield-oriented crypto offerings.
Bitcoin hovered above the $75,000 threshold on Thursday, per CoinGecko data, extending its weekly gains to 3%. The cryptocurrency has now rallied over 20% from its recent low near $60,000 on February 6, though it still trades about 41% below its all-time high of $126,080 set in October 2025.
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