MSBT Surpasses $400 Million in Assets Amid Crypto Expansion

Morgan Stanley's Bitcoin Trust has attracted over $400 million in assets since April without much involvement from the company's sales team, according to Amy Oldenburg, the firm's head of digital asset strategy.

The trust's low fee of 0.14% has made it an attractive option for investors, with half of the assets coming from self-directed client trades that were placed based on brand recognition rather than distribution efforts.

Oldenburg noted that advisor-driven activity has also increased in recent weeks, and while the firm is seeing more interest in crypto, it's still a relatively limited allocation for many clients.

E*TRADE from Morgan Stanley launched its spot crypto platform in July, allowing eligible clients to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) at 50 basis points through digital asset infrastructure provider Zero Hash.