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CryptoMediumUpdated×8•Originally published 4 May 2026•Updated 5 May 2026•

1 min read

Morgan Stanley Debuts First US Bank-Affiliated Bitcoin ETP with Record Low Fees

Key Facts

1Morgan Stanley launched MSBT, the first Bitcoin ETP from a US bank-affiliated asset manager.

2The fund carries a 0.14% sponsor fee, the lowest among Bitcoin ETPs.

29 days ago

Version History

Version 829 days ago

What changed: The story was updated to highlight the structural impact of ETFs on digital asset liquidity and global market access.

Version 729 days ago

What changed: Identified self-directed investors as the primary driver of early inflows rather than the bank's advisory network.

Version 629 days ago

What changed: Added details regarding the involvement of Bitwise, VanEck, and Kraken, and confirmed that the technical infrastructure is now ready for major institutional entry.

Version 5about 1 month ago

What changed: Updated the story to include Amy Oldenburg's comments regarding the future possibility of Bitcoin on US bank balance sheets following regulatory progress.

Version 4about 1 month ago

What changed: Updated with specific details on BlackRock's IB1T product, including its listing on European exchanges, its current holdings of 14,200 BTC, and its March 2025 launch date.

Version 3about 1 month ago

What changed: Added the bank's recommendation for 2%–4% Bitcoin portfolio allocation and highlighted regulatory barriers preventing balance sheet integration.

Version 2about 1 month ago

What changed: Added new details regarding the investor profile, noting that early inflows were driven by self-directed investors prior to financial advisor involvement.

Version 1about 1 month ago

What changed: Updated the story to include Blackrock's European iShares Bitcoin ETP reaching the $1.1 billion AUM milestone and holding 14,200 BTC.

Morgan Stanley launched its MSBT fund as the first US bank-affiliated Bitcoin ETP with a 0.14% fee, initially attracting $116 million in inflows. Fund issuers now emphasize that these ETFs are fundamentally reshaping the liquidity structure and global access for digital asset investing. This strong early demand, primarily driven by self-directed investors, aligns with insights from the Bitcoin 2026 conference regarding the readiness of institutional 'plumbing'. Amy Oldenburg highlighted that holding Bitcoin on bank balance sheets is becoming a reality, supported by industry leaders like Bitwise and VanEck. Meanwhile, Blackrock’s European IB1T product continues its growth, with assets exceeding $1.1 billion. Despite regulatory hurdles, Morgan Stanley continues to advocate for a 2% to 4% Bitcoin allocation to optimize portfolio diversification.