Morgan Stanley’s MSBT ETF buys $52M in Bitcoin, sees no outflows

Morgan Stanley’s spot Bitcoin ETF has been on a shopping spree. The Morgan Stanley Bitcoin Trust, ticker MSBT, scooped up roughly 642 BTC worth approximately $50.6 million through a series of transfers from Coinbase Prime over a two-week stretch in September 2026. And in a detail that would make any fund manager jealous, the product has recorded essentially no net outflows since its April launch. The MSBT has pulled in cumulative net inflows exceeding $538 million, pushing its total net assets to somewhere between $586 million and $635 million by mid-September. For a product that represents Wall Street’s old guard tiptoeing into Bitcoin territory, those numbers are more than a toe. How the fund got here Morgan Stanley launched MSBT on April 8, 2026, making it the first spot Bitcoin ETF from a major US bank-affiliated asset manager. The fund’s first month set the tone. MSBT pulled in $193.6 million in net inflows across its initial 30 days, with only a single recorded day of net outflows in its entire history. The product charges a 0.14% expense ratio, which made it the cheapest spot Bitcoin ETF at launch. Coinbase Custody handles the actual Bitcoin storage, while BNY Mellon serves ...