Morgan Stanley’s new spot Bitcoin exchange-traded fund has surpassed the WisdomTree Bitcoin Fund (WBTC) in total net inflows just over a week after launching. The Morgan Stanley Bitcoin Trust (MSBT) took in $19.3 million on Wednesday, bringing total net inflows to $103 million, exceeding WisdomTree’s $86 million accumulated since January 2024, according to Farside Investors data.
More asset managers are moving into the Bitcoin ETF market. On Tuesday, Goldman Sachs filed with the SEC to launch a Bitcoin-linked ETF. MSBT debuted on April 8 with a 0.14% fee, one basis point lower than the Grayscale Bitcoin Mini Trust ETF (BTC), and joined 11 other U.S. spot Bitcoin ETFs including BlackRock’s iShares Bitcoin Trust (IBIT) — the market leader with $64.3 billion in net inflows — and Fidelity’s Wise Origin Bitcoin Fund at $10.9 billion. Other competitors include ETFs from Bitwise, ARK 21Shares and Grayscale.
If current momentum continues, MSBT could also overtake Invesco Galaxy Bitcoin ETF (BTCO), Valkyrie Bitcoin ETF (BRRR) and the Franklin Bitcoin ETF (EZBC), which have net inflows of $245 million, $326 million and $375 million, respectively.
A Bloomberg report from April 2 found the average lifespan of ETFs fell from 4.66 years in 2024 to about 3.5 years in 2025. More than 40 ETFs were liquidated in the first two months of 2026, though none were notable crypto ETFs. The ETFs liquidated in those two months had an average lifespan of 21 months, roughly half that of ETFs liquidated in 2025. Bloomberg analyst James Seyffart predicted in December that many crypto exchange-traded products could be liquidated by the end of 2027 for lack of demand; at that time, over 126 ETP applications were awaiting SEC decisions.
Flow data cited: Farside Investors. Cointelegraph notes it is committed to independent, transparent journalism and encourages readers to verify information independently in line with its Editorial Policy.
