Is IBIT or MSBT cheaper?

MSBT, at 0.14% a year versus 0.25% for IBIT.

Which is bigger, IBIT or MSBT?

IBIT, with about $67.1B in net assets against $873M for MSBT.

Do IBIT and MSBT move together?

Yes. Both hold Bitcoin, so their daily returns are nearly identical before fees. The lasting differences are the expense ratio, fund size and how tightly each trades to its net asset value.

Compare · BTC spot ETFs

IBIT vs MSBT

iShares Bitcoin Trust ETF against Morgan Stanley Bitcoin Trust

MSBT is cheaper: 0.14% vs 0.25% a year, or $1.10 less per $1,000 held.
IBIT is 76.8x the size of MSBT by net assets.

	IBIT	MSBT
Issuer	BlackRock	Morgan Stanley
Expense ratio	0.25%	0.14%
Net assets (USD)	67.1B	873M
YTD return	−4.30%	—
Net flow, last 5 days	+$33.4M	+$6.5M
Pre-market estimate: median miss	0.07%	0.03%

Verdict: IBIT or MSBT?

MSBT costs less each year; IBIT is the larger, more liquid fund. Long-term holders usually weight the fee, active traders the liquidity.

Fees: what the expense ratio costs you

IBIT charges 0.25% and MSBT charges 0.14% a year. On a $10,000 position that is $25 versus $14 per year, taken out of the fund's assets daily rather than billed to you. Over five years the gap compounds to roughly $55 per $10,000 in MSBT's favour, before any return.

Size and liquidity

IBIT holds about $67.1B against $873M for MSBT. A larger fund usually means tighter bid-ask spreads and more options volume, which matters if you trade around the open rather than hold for years. The five-day flow row shows which fund investors are adding to right now; see the full daily table on the flows page.

Pre-market estimate accuracy

Pre-Tick's pre-market estimate has landed closer to the official open for MSBT (median miss 0.03%) than for IBIT (0.07%). Both are re-priced every minute from live Bitcoin on the IBIT and MSBT pages, with the method on the accuracy page.

FAQ

Is IBIT or MSBT cheaper?: MSBT, at 0.14% a year versus 0.25% for IBIT.
Which is bigger, IBIT or MSBT?: IBIT, with about $67.1B in net assets against $873M for MSBT.
Do IBIT and MSBT move together?: Yes. Both hold Bitcoin, so their daily returns are nearly identical before fees. The lasting differences are the expense ratio, fund size and how tightly each trades to its net asset value.

Both funds hold BTC, so their daily moves are nearly identical; the lasting differences are fees, size and liquidity. Estimate miss is how far Pre-Tick's pre-market estimate landed from the official 9:30 AM ET open (see accuracy). Flows are US spot ETF net flows from SoSoValue. Not investment advice.