Morgan Stanley Bitcoin Trust (MSBT) has outshined BlackRock’s iShares Bitcoin Trust (IBIT) since the beginning of this week until April 30.
Morgan Stanley’s MSBT has attracted a total of $10.81 million during this period, according to data from SoSoValue. On Monday and Tuesday, MSBT posted zero total cash flow, thus holding Bitcoin ($BTC) worth approximately $197.7 million at press time.
In contrast, BlackRock’s IBIT recorded a net cash outflow of $166.98 million during the same period. Consequently, IBIT held Bitcoin valued at around $61.11 billion at the time of publication.
Following IBIT’s cash outflow this week, it ended its 13 consecutive days of inflows, as Finbold pointed out. Meanwhile, MSBT has never had a net daily outflow since its inception.
Morgan Stanley’s MSBT focused on dethroning IBIT in Bitcoin ETFs
Morgan Stanley entered the spot $BTC ETF and heightened the fee war, as Finbold previously reported. In a bid to attract more investors, MSBT charges 0.14% per year compared to IBIT’s 0.25% as of reporting time.
During the Bitcoin 2026 conference, Amy Oldenburg, the head of digital assets strategy at Morgan Strategy, stated that the firm has been recommending investors to allocate 2-4% of their portfolios to Bitcoin. Currently, Morgan Stanley manages about $9.2 trillion in total client assets, thus MSBT could attract as much as $368 billion.
Notably, IBIT holds an edge over MSBT, as BlackRock manages nearly $14 trillion in assets. In comparison, Morgan Stanley’s $9.2 trillion comes mainly from client advisory services. Nonetheless, BlackRock’s deep liquidity gives it a competitive advantage in the Bitcoin space.
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