Morgan Stanley Bitcoin ETF Beats WisdomTree in Inflows

WisdomTree’s fund has accumulated $86 million since launching in January of 2024. MSBT entered the market on April 8 with a 0.14% fee, which is one of the lowest in the sector. BlackRock’s IBIT is still the market leader with $64.3 billion in inflows, followed by Fidelity at $10.9 billion.

Morgan Stanley ETF Shines

Morgan Stanley’s newly launched Morgan Stanley Bitcoin Trust (MSBT) overtook the WisdomTree Bitcoin Fund (WBTC) in total net inflows just over a week after coming to market. 

According to the latest flow data, MSBT attracted another $19.3 million in fresh investor capital on Wednesday, lifting its cumulative inflows to $103 million. That total now exceeds WisdomTree’s $86 million, despite WBTC having been available since January of 2024.

BTC ETF flows (Source: Farside Investors)

Morgan Stanley entered the market on April 8 with an aggressively priced management fee of 0.14%, which is one of the cheapest offerings available. That fee undercut Grayscale’s Bitcoin Mini Trust by a single basis point and proved Morgan Stanley was more than ready to compete on cost as well as reputation.

Even with its fast start, Morgan Stanley still trails the dominant leaders in the sector. BlackRock’s iShares Bitcoin Trust (IBIT) is still far ahead with $64.3 billion in net inflows, while Fidelity’s Wise Origin Bitcoin Fund has gathered $10.9 billion. 

Other established competitors include products from Bitwise, ARK 21Shares, Grayscale, Invesco Galaxy, Valkyrie, and Franklin Templeton. However, if its current momentum continues, Morgan Stanley could soon challenge smaller mid-tier funds like Invesco Galaxy’s BTCO, Valkyrie’s BRRR, and Franklin’s EZBC.

The sector is also preparing for even more expansion. Goldman Sachs has now filed with the US Securities and Exchange Commission to launch its own Bitcoin-linked ETF. 

At the same time, the ETF industry overall is becoming more ruthless. Recent data shows that the average ETF lifespan has fallen sharply, from 4.66 years in 2024 to around 3.5 years in 2025. More than 40 ETFs were liquidated in the first two months of 2026 alone.

BTC’s price action over the past 24 hours (Source: CoinCodex)

Bitcoin itself stayed relatively stable during this wave of institutional activity. Over the last 24 hours, Bitcoin traded at approximately $74,005, down 0.40% on the day. While the short-term move is modest, the continued launch and growth of spot Bitcoin ETFs suggest long-term confidence in Bitcoin.