Morgan Stanley’s spot Bitcoin ETF has overtaken the WisdomTree Bitcoin Fund in total net inflows after less than two weeks on the market.
The Morgan Stanley Bitcoin Trust (MSBT) launched on April 8 at a fee of 0.14%, undercutting the Grayscale Bitcoin Mini Trust ETF by a single basis point.
Fast start for MSBT
MSBT added $19.3 million in investor inflows on Wednesday alone, bringing its total net inflow to $103 million.
That figure has now passed the WisdomTree Bitcoin Fund’s (WBTC) total net inflow of $86 million, which WisdomTree had been accumulating since launching in January 2024, according to Farside Investors data.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) remains the dominant player in the space with $64.3 billion in net inflows, while Fidelity’s fund sits at $10.9 billion.
Next targets
MSBT’s next targets include the Invesco Galaxy Bitcoin ETF at $245 million, the Valkyrie Bitcoin ETF at $326 million, and the Franklin Bitcoin ETF at $375 million.
Goldman Sachs also filed with the SEC on Tuesday to launch its own Bitcoin-linked ETF, signaling continued institutional appetite for the space.
ETF lifespan shrinking industry-wide
A Bloomberg report from April 2 found the average ETF lifespan fell from 4.66 years in 2024 to roughly 3.5 years in 2025.
Over 40 ETFs were liquidated in the first two months of 2026, though none were notable crypto products.
Those liquidated ETFs had an average lifespan of just 21 months — half that of ETFs closed in 2025.
Bloomberg ETF analyst James Seyffart had predicted in December that many crypto exchange-traded products would be liquidated by end of 2027 due to weak demand, with over 126 ETP applications still awaiting SEC outcomes at the time.
For a full picture of US Bitcoin ETF inflows and outflows, current holdings across all funds are tracked in real time.
