MSBT, Morgan Stanley’s spot Bitcoin ETF launched April 8, 2026, drew over $100M in its first eight days and reached $233M AUM after one month. The fund charges a 0.14% annual fee—the lowest among US Bitcoin ETFs—and holds actual Bitcoin. Nearly all early inflows came from self-directed clients because Morgan Stanley advisors were not yet cleared to recommend the fund and it was not initially on the bank’s advisory platform. Bloomberg ranked the debut among the top 1% of ETF launches by early volume and adoption metrics.

Positive: MSBT’s rapid growth to $233M AUM and $100M+ in the first eight days, combined with the lowest US Bitcoin ETF fee (0.14%) and Bloomberg’s top-1% launch ranking, indicate stronger demand for a spot Bitcoin product. Nearly all inflows coming from self-directed clients shows real retail/adoption traction despite limited advisor distribution.