Crypto
Morgan Stanley's Bitcoin Trust Amasses $50M in Two Weeks
Morgan Stanley's Bitcoin Trust, MSBT, has been on a buying spree in September 2026. Over two weeks, it acquired approximately $50.6 million worth of Bitcoin through transfers from Coinbase Prime, bringing its total BTC holdings to roughly 642 units.
The MSBT ETF launched on April 8, 2026, and since then has seen no net outflows, with cumulative net inflows exceeding $538 million by mid-September. This puts its total net assets at between $586 million and $635 million.
The fund charges a 0.14% expense ratio, making it the cheapest spot Bitcoin ETF available, and tracks the CoinDesk Bitcoin Benchmark Rate. It is worth noting that Coinbase Custody handles the actual Bitcoin storage, while BNY Mellon serves as administrator for the product.