Common (MSBT)
Common (MSBT) is a spot Bitcoin exchange-traded fund from Morgan Stanley. It manages $887.49M, ranking 8 of 12 US Bitcoin funds with 1% of their combined assets. The fund holds about 0.05% of all Bitcoin in circulation.
The expense ratio is 0.14% a year. On the last trading day it saw an inflow of +$2.41M, and +$754.54M since launch. Daily share trading volume was $27.24M. Shares trade at a premium of 0.25% to net asset value.
A spot bitcoin ETF buys actual bitcoin and holds it with a regulated custodian, while investors buy fund shares on a regular stock exchange through a broker, with no crypto wallet or exchange. These funds have traded in the US since January 2024, and their flows show institutional demand, so traders watch them closely.
Frequently asked questions
What is the MSBT expense ratio?
0.14% per year.
How much does MSBT manage?
$887.49M in assets, ranked 8 among Bitcoin funds.
What were MSBT flows today?
+$2.41M on the last trading day.