Morgan Stanley to Launch Bitcoin Trust ETF on April 8 with 0.14% Fee
Morgan Stanley’s Bitcoin Trust will begin trading on NYSE Arca under ticker MSBT on April 8, charging a 0.14% annualized sponsor fee. The passive fund seeks to track bitcoin via the CoinDesk 4 PM NY Settlement Rate, with The Bank of New York Mellon and Coinbase Custody holding its bitcoin.
1. ETF Launch Details
Morgan Stanley’s Bitcoin Trust is set to list on NYSE Arca on April 8 under the ticker MSBT. This marks the firm’s first publicly traded bitcoin ETF, expanding its product lineup into digital assets.
2. Fund Structure and Fees
The trust is structured as a passive vehicle seeking to mirror bitcoin’s price using the CoinDesk 4 PM NY Settlement Rate. Investors will incur a 0.14% annualized delegated sponsor fee.
3. Custody and Pre-Listing Purchases
The Bank of New York Mellon and Coinbase Custody Trust Company will serve as custodians, safeguarding the fund’s bitcoin holdings. The prospectus indicates bitcoin will be acquired ahead of listing through initial seed creation baskets.
4. Broader Crypto Strategy
In January, Morgan Stanley filed registration statements for both its Bitcoin Trust and a Solana Trust, signaling a broader push into crypto ETPs. The dual filings reflect a long-term strategy to integrate digital assets into its investment offerings.