Bitcoin News
By James Thorp
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How Morgan Stanley Undercuts the Competition. The secret weapon here is cost. Morgan Stanley charges a 0.
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Market Timing Played a Role. MSBT launched right as Bitcoin ETFs started seeing serious inflows again. SoSoValue says U.S.
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What This Means for the Bitcoin ETF Market. Morgan Stanley's entry changes the game a bit. For one thing, it puts pressure on other issuers to…
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Morgan Stanley's Bitcoin Trust wrapped up April with zero outflows. Not a single day of redemptions.
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That's pretty much unheard of in a month when other spot Bitcoin funds got hammered. SoSoValue data shows 17 days of positive inflows for MSBT and five days where flows stayed…
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The fund now holds around 2,620 Bitcoin. That puts it 32nd among all Bitcoin-holding ETFs and exchanges, per Bitcoin Treasuries.
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The secret weapon here is cost. Morgan Stanley charges a 0.14% sponsor fee on MSBT, which undercuts Grayscale, Bitwise, and BlackRock. All of them charge more.
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But the real advantage isn't just price. It's distribution. Morgan Stanley has 16,000 financial advisers managing $9.3 trillion in client assets.
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Crypto-native firms don't have that. They've got the tech and the brand recognition in crypto circles, but they can't walk into a wealth-management office in Greenwich and get…
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Morgan Stanley caught that wave. The fund didn't just benefit from the recovery—it outperformed. While other issuers saw days of heavy redemptions, MSBT stayed steady. No outflows.
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Related: BTC Holds $80K as Santiment Flags Social Media Hype Risk
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The timing wasn't luck, either. Morgan Stanley waited years to launch a Bitcoin product, watching the ETF approval process drag on and competitors stumble.
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Morgan Stanley's entry changes the game a bit. For one thing, it puts pressure on other issuers to cut fees. If a Wall Street giant can offer a 0.
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It also shows that traditional financial institutions can compete in this space. Crypto-native firms had a head start, but they don't have the client relationships or the…
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The fund's no-outflow record is the real story, though. It suggests that Morgan Stanley's clients aren't treating MSBT like a trading vehicle. They're holding it.
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