Morgan Stanley Bitcoin Trust ETF

Frequently Asked Questions About MSBT

What does MSBT invest in?

The Morgan Stanley Bitcoin Trust is an exchange-traded product that seeks to track the performance of bitcoin. [43] The investment seeks to track the performance of bitcoin, as measured by the performance of the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate, adjusted for the Trust's expenses and other liabilities. [52] An investment in the Trust is not a direct investment in bitcoin. [51]

What is the expense ratio of MSBT?

Morgan Stanley Bitcoin Trust ETF (MSBT) charges an expense ratio of 0.14%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MSBT?

Morgan Stanley Bitcoin Trust ETF (MSBT) manages $606.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MSBT actively managed or an index fund?

MSBT is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MSBT's is 0.14%) because there's no security selection cost.

When was MSBT launched?

Morgan Stanley Bitcoin Trust ETF (MSBT) launched in April 2026 and is managed by Eaton Vance.

How has MSBT performed?

MSBT's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.