MSBT ETF — Morgan Stanley Bitcoin Trust

Morgan Stanley Bitcoin Trust (MSBT)

Updated October 16, 2026.

MSBT is a low-cost ETF. its expense ratio is 0.14%. Total return is -7.3% over the past 0.5 years, 23.7 points behind SPY at 16.4%.

Morgan Stanley Bitcoin Trust is an ETF that holds bitcoin to provide investors exposure to the cryptocurrency, with Morgan Stanley Investment Management serving as the delegated sponsor. The fund does not currently distribute income to shareholders. The expense ratio is 0.14%, making it a low-cost option for investors seeking bitcoin exposure through a fund structure rather than direct cryptocurrency ownership.

MSBT performance versus SPY

Price and return data through 2026-10-16.

Total return is -7.3% over the past 0.5 years, 23.7 points behind SPY at 16.4%.

MSBT key facts

Issuer

Morgan Stanley

Asset type

ETF

Asset class

Equity

Inception date

04/06/2026

Expense ratio

0.14%

Distribution frequency

None

Last close

$23.36 (as of 2026-10-16)

AUM

$873,276,608

Average volume

560386.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Morgan Stanley; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MSBT risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider MSBT — and who may not

MSBT may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (MSBT does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on MSBT

• All tickers starting with M

Tagged: Bitcoin, Crypto.

Frequently asked questions

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