Morgan Stanley’s low-cost Bitcoin ETF reaches $100 million in six days, surpassing WisdomTree’s Bitcoin Fund

Morgan Stanley’s newly launched Bitcoin exchange-traded fund (ETF), MSBT, has pulled in more than $100 million in net inflows in its first week, helped by a market-leading fee that has enabled it to outpace the WisdomTree Bitcoin Fund (WBTC) despite being live for less than a week.

MSBT surpasses $100 million in first week

Within six trading days of its launch, MSBT reached more than $103 million in total net inflows, according to Farside Investors data. That figure overtakes WBTC’s cumulative net inflows of $86 million.

MSBT began trading on April 8 with a fee of 0.14%, narrowly undercutting the Grayscale Bitcoin Mini Trust ETF (BTC) by 1 basis point. The launch places MSBT in a crowded segment of 11 spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), which leads the market with $64 billion in net inflows, and the Fidelity Wise Origin Bitcoin Fund, which has collected $10.9 billion since launching in January 2024.

Other funds in the competitive set include Bitcoin ETFs from Bitwise, ARK 21Shares, and Grayscale. The ETF also benefits from an early distribution advantage through Morgan Stanley’s wealth management platform, which manages trillions in client assets.

Potential next targets in spot ETF inflows

If MSBT’s momentum continues, it could move closer to—potentially surpass—other spot Bitcoin ETFs that have recorded net inflows of $246 million (Invesco Galaxy Bitcoin ETF, BTCO), $327 million (Valkyrie Bitcoin ETF, BRRR), and $374 million (Franklin Bitcoin ETF, EZBC).

Broader Wall Street push into crypto ETFs

Morgan Stanley’s move is part of a wider shift among major financial institutions toward crypto-linked ETF products. ZyCrypto reported earlier this week that Goldman Sachs has filed to launch a Bitcoin Premium Income ETF, described as one of its first direct steps into crypto investment products. The proposed fund would use options strategies to generate yield, reflecting a broader trend toward structuring bitcoin exposure into income-oriented vehicles rather than relying solely on price appreciation.

BlackRock is also developing a comparable income-focused ETF, signaling intensifying competition as large issuers expand beyond basic spot offerings into more yield-oriented crypto structures.

Bitcoin price context

Bitcoin was trading above the $75,000 threshold on Thursday, according to CoinGecko data, extending its weekly gains to 3%. The cryptocurrency has risen more than 20% from a recent low near $60,000 on February 6, though it remains about 41% below its all-time high of $126,080 set in October 2025.