Morgan Stanley Investment Management launches Bitcoin ETP
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Morgan Stanley Investment Management launches Bitcoin ETP 10 April 2026US Reporter: Matthew Challis
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Morgan Stanley Investment Management (MSIM) has launched the Morgan Stanley Bitcoin Trust (MSBT), an exchange-traded product (ETP) that aims to track the performance of bitcoin.
MSBT tracks the performance of bitcoin by utilising the CoinDesk Bitcoin Benchmark Rate, which aggregates executed trade flow from major bitcoin spot exchanges.
Coinbase and BNY will provide custody services for MSBT, with BNY also serving as the administrator and transfer agent, providing accounting, recordkeeping, and cash management services.
According to the firm, MSIM is the first US bank-affiliated asset manager with a crypto ETP offering, and is indicative of Morgan Stanley’s firmwide commitment to developing digital asset solutions that meet the needs of clients.
The launch builds on Morgan Stanley’s recent digital assets investments, including the appointment of leadership to shape digital asset strategies, along with efforts to expand institutional-grade custody, trading, and product development capabilities.
MSIM says its 0.14 per cent unitary delegated sponsor fee is currently the lowest bitcoin ETP sponsor fee at the time of launch.
Commenting on the launch, Ben Huneke, head of MSIM, says: “We are proud to introduce MSBT to the marketplace and believe this new ETP aligns with long-term trends in financial innovation and serves to strengthen the range of investments we provide investors.”
Global head of exchange-traded fund strategy at MSIM, Ally Wallace, comments: “ETPs remain a powerful way for investors to gain exposure to new asset classes within a transparent and regulated framework.
“With MSBT, we’re extending our product offering to meet growing client interest in digital assets.”
Amy Oldenburg, head of digital asset strategy at Morgan Stanley, adds: “MSBT reflects our firmwide approach to thoughtfully building digital asset capabilities grounded in traditional governance and market infrastructure that seeks to meet long-term client needs.”
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