Morgan Stanley’s Bitcoin fund overtakes WisdomTree after 6 trading days
TL;DR
Morgan Stanley's Bitcoin Trust has surpassed WisdomTree's Bitcoin Fund in net inflows, reaching $103 million in just over a week. WisdomTree's fund accumulated $86 million since its January 2024 launch.
Key points
- Morgan Stanley's Bitcoin Trust has $103 million in inflows
- WisdomTree Bitcoin Fund has $86 million in inflows since January 2024
- Goldman Sachs is entering the Bitcoin ETF market
Mentioned in this story
Morgan Stanley’s new spot Bitcoin exchange-traded fund has just surpassed the WisdomTree Bitcoin Fund (WBTC) in total net inflows, despite launching just over a week ago.
The Morgan Stanley Bitcoin Trust (MSBT) added $19.3 million of investor inflows on Wednesday, bringing its total net inflow to $103 million.
The figure has now passed WisdomTree Bitcoin Fund’s (WBTC) total net inflow of $86 million, which it had been accumulating since launching in January 2024, Farside Investors data shows.
More asset managers are looking to push into the growing Bitcoin ETF space. On Tuesday, Goldman Sachs, a former crypto critic, filed with the SEC to launch its own Bitcoin-linked ETF.
Flow data for the US spot Bitcoin ETFs since March 30. Source: Farside Investors
The Morgan Stanley spot Bitcoin ETF product launched on April 8 at a market-low fee of 0.14%, undercutting the Grayscale Bitcoin Mini Trust ETF (BTC) by one base point.
It joined 11 other spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust ETF (IBIT) — the current market leader with $64.3 billion in net inflows and the Fidelity Wise Origin Bitcoin Fund at $10.9 billion.
MSBT’s other competitors include Bitcoin ETFs issued by Bitwise, ARK 21Shares and Grayscale.
Continuing momentum could also see Morgan Stanley’s Bitcoin ETF surpass Invesco Galaxy Bitcoin ETF (BTCO), Valkyrie Bitcoin ETF (BRRR) and the Franklin Bitcoin ETF (EZBC), which have accumulated net inflows of $245 million, $326 million and $375 million, respectively.
The average lifespan of ETFs is shrinking
A Bloomberg report from April 2 found that the average lifespan of ETFs fell from 4.66 years in 2024 to about 3.5 years in 2025.
Over 40 ETFs have also been liquidated in the first two months of 2026, though none of those include any notable crypto ETFs.
Related: Bitcoin ETFs could eventually be larger than gold ETFs: Analyst
The ETFs that were liquidated across the first two months of 2026 had an average lifespan of 21 months, half that of the ETFs that were liquidated in 2025.
Bloomberg ETF analyst James Seyffart predicted in December that many crypto exchange-traded products would be liquidated by the end of 2027 due to a lack of demand.
At the time, over 126 ETP applications were awaiting an outcome from the SEC.
Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt
Q&A
What are the total net inflows for Morgan Stanley's Bitcoin Trust?
Morgan Stanley's Bitcoin Trust has total net inflows of $103 million.
How does Morgan Stanley's Bitcoin Trust compare to WisdomTree's Bitcoin Fund?
Morgan Stanley's Bitcoin Trust has surpassed WisdomTree's Bitcoin Fund, which has total net inflows of $86 million.
What recent developments are happening in the Bitcoin ETF market?
More asset managers, including Goldman Sachs, are entering the Bitcoin ETF market, with Goldman Sachs filing to launch its own Bitcoin-linked ETF.
