Morgan Stanley’s Bitcoin ETF MSBT has reached $103 million in total net inflows just days after its April 8 launch, moving ahead of WisdomTree’s Bitcoin fund, which has brought in $86 million since the start of the year. The latest flow data showed $19.3 million in fresh investments on Wednesday alone, giving the newly launched fund a rapid early climb.
A 0.14% fee puts pressure on rivals
MSBT entered the market with a management fee of 0.14%, placing it among the cheapest products in the segment. The fee is even lower than that of Grayscale Bitcoin Mini Trust, adding more pressure to pricing across the spot Bitcoin ETF field. The speed of its rise matters on its own: a new fund passing a longer-established WisdomTree product within a week points to intense competition for flows and steady investor demand.
BlackRock remains far ahead as the market broadens
Even with MSBT’s fast start, the gap with the largest funds remains wide. BlackRock’s iShares Bitcoin Trust IBIT still leads the category with $64.3 billion in net inflows, while Fidelity’s Wise Origin Bitcoin Fund follows with $10.9 billion. Other issuers already active in the space include Bitwise, ARK 21Shares, Grayscale, Invesco Galaxy, Valkyrie, and Franklin Templeton. If current momentum holds, Morgan Stanley could begin to challenge mid-sized products such as Invesco Galaxy’s BTCO, Valkyrie’s BRRR, and Franklin Templeton’s EZBC.
More filings arrive as ETF lifespans get shorter
Crypto-linked exchange-traded funds are also expanding in number. Goldman Sachs has filed with the U.S. Securities and Exchange Commission for its own Bitcoin-indexed ETF, and the market expects more issuers to enter. At the same time, the average life of ETFs is getting shorter. The article states that the average ETF lasted 4.5 years in 2024, while projections for 2025 point to 3.5 years. In just the first two months of 2026, more than 40 ETFs had already shut down.
Bitcoin price stays relatively stable despite fund activity
Institutional ETF activity has increased, but Bitcoin’s spot price has shown only modest movement. According to CryptoAppsy data, Bitcoin traded at $74,005 over the past 24 hours, down just 0.40%. The current numbers suggest that strong ETF interest has not produced a sharp near-term price break.