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Launched · SEC filings

Morgan Stanley Bitcoin Trust ETF

MSBTNYSE ArcaEaton VanceA

$21.41−0.33 (−1.50%)

As of Nov 9, 2026, 12:20 PM ET

A79/ 100

Rank 2 of 13 in Spot Bitcoin

A79/100Rank 2 of 13inSpot Bitcoin
Intraday session: down, 35 prints from 21.73 to 21.41. Range 21.28 to 21.63. Use the arrow keys to read each point.21.3021.5021.6010 AM12 PM2 PM4 PM
Expense ratio
0.14%
Fund size
$825M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
602K sh
52W range
low $16.64high $25.20
Launched
Filings
SEC EDGAR

The ETF.net MSBT Grade

Based on 5 of 6 pillars

A

Score 79 out of 100

Category
Spot Bitcoin⁠
Rank
2 of 13
Six-pillar profile for MSBT. Scores out of 100: Cost 98, Risk 79, Mission not scored, Tradability 56, Holdings 100, Durability 37. Strongest: Holdings (100). Weakest: Durability (37). Based on 5 of 6 pillars.

Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A98 out of 100
    Rank 1 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A79 out of 100
    Rank 1 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 6 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A100 out of 100
    Rank 1 of 2

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D37 out of 100
    Rank 11 of 13

Our read on MSBT

ETF.net Research

In short

AMorgan Stanley's own spot bitcoin vehicle, arriving late to a crowded field and competing on price: 0.14% a year, well under the category median. Plain plumbing, bitcoin held outright, no leverage and no derivatives.

Stated mandate

The Trust is a passive ETF designed to track bitcoin’s performance, as measured by its Pricing Benchmark, after expenses and liabilities. It will hold bitcoin and does not use leverage or derivatives.

Why people hold it

  • At 0.14% a year, it prices under the 0.25% median of the spot bitcoin group and below shelf staples like BITB, HODL and ARKB.
  • No clever wrapper: the trust holds bitcoin itself and tracks the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate, after expenses.
  • Sits in the upper half of a 13-fund spot bitcoin cohort, helped by a clean single-asset portfolio and a fee near the low end of the group.

Worth knowing

  • Bitcoin, straight up. The price moves with the coin, with no buffer or hedge, and the trust has made no distributions.
  • It is a grantor trust, not a registered fund, so the governance and shareholder rulebook differ from a conventional ETF.
  • Launched in 2026, so there is only a short record behind its tracking and trading behavior.

MSBT Holdings

Holdings pillarA100 out of 100Rank 1 of 2 in Spot Bitcoin
Asset class
Other
Holdings
1
Top-10 weight
100%
Largest holding
Bitcoin100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataBitcoin100.00%10,893$825M11

Showing 1–1 of 1 holdings

MSBT Performance

Launched Apr 7, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
MSBT$11,771
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,591
Aug 6, 2026 to Nov 6, 2026. MSBT $11,771. SPY $9,591. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Aug 2026Sep 2026Nov 2026

Aug 6, 2026 – Nov 6, 2026

Returns run to the Nov 6, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MSBT. Periods over one year show the average yearly return.
PeriodMSBT
Year to dateFund launched this yearNo data
1 month−11.5%
3 months+17.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MSBT
YearReturn barMSBT
2026 YTD+6.2%

History from Apr 8, 2026

MSBT in the news

MSBT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 6, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Apr 2026. No distributions yet.

MSBT Risk

Risk pillarA79 out of 100Rank 1 of 13 in Spot Bitcoin
How much the fund’s monthly returns vary, scaled to a year.
Launched Apr 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Apr 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Apr 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MSBT Cost

Cheapest in Spot Bitcoin

$2,932

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MSBT 0.14%

    $2,932

$10,000
30 years

Cost over time

  • MSBT 0.14%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K051015202530MSBT $2,932

Year by year

YearMSBT
10$256
20$1,000
30$2,932

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