Morgan Stanley Bitcoin Trust Surpasses WisdomTree in Just Six Days of Trading
The Morgan Stanley Bitcoin Trust has positioned itself close to surpassing three additional US spot Bitcoin ETFs that made their market debut in January 2024.
The recently launched spot Bitcoin exchange-traded fund from Morgan Stanley has successfully overtaken the WisdomTree Bitcoin Fund (WBTC) in aggregate net inflows, achieving this milestone despite being on the market for slightly more than one week.
On Wednesday, the Morgan Stanley Bitcoin Trust (MSBT) recorded investor inflows totaling $19.3 million, elevating its cumulative net inflow to the $103 million mark.
This amount has now eclipsed the total net inflow of $86 million recorded by the WisdomTree Bitcoin Fund (WBTC), which had been building these flows since its January 2024 launch, according to data provided by Farside Investors.
An increasing number of asset management firms are seeking to enter the expanding Bitcoin ETF marketplace. Goldman Sachs, which previously held a critical stance toward cryptocurrency, submitted a filing to the SEC on Tuesday for the launch of its own Bitcoin-linked ETF product.
Morgan Stanley's spot Bitcoin ETF offering made its market entrance on April 8 with an exceptionally competitive fee structure of 0.14%, positioning itself one basis point below the Grayscale Bitcoin Mini Trust ETF (BTC) fee rate.
The fund entered a marketplace already occupied by 11 other spot Bitcoin ETFs, which includes BlackRock's iShares Bitcoin Trust ETF (IBIT) — presently holding the market-leading position with $64.3 billion in net inflows and the Fidelity Wise Origin Bitcoin Fund standing at $10.9 billion.
Additional competitors facing MSBT include Bitcoin ETF offerings from Bitwise, ARK 21Shares and Grayscale.
Should the current momentum persist, Morgan Stanley's Bitcoin ETF could potentially overtake the Invesco Galaxy Bitcoin ETF (BTCO), Valkyrie Bitcoin ETF (BRRR) and the Franklin Bitcoin ETF (EZBC), which have gathered net inflows of $245 million, $326 million and $375 million, in that order.
The average lifespan of ETFs is shrinking
According to a Bloomberg report published on April 2, the average lifespan of ETFs declined from 4.66 years in 2024 to approximately 3.5 years in 2025.
More than 40 ETFs have additionally undergone liquidation during the initial two months of 2026, although none of these include any significant crypto ETFs.
Those ETFs that faced liquidation throughout the first two months of 2026 maintained an average lifespan of 21 months, representing half the lifespan of ETFs that were liquidated during 2025.
James Seyffart, a Bloomberg ETF analyst, made a prediction in December that numerous crypto exchange-traded products would face liquidation before the end of 2027 as a result of insufficient demand.
During that period, more than 126 ETP applications were pending a decision from the SEC.