Is MSBT or BITB cheaper?

MSBT, at 0.14% a year versus 0.20% for BITB.

Which is bigger, MSBT or BITB?

BITB, with about $3.2B in net assets against $873M for MSBT.

Do MSBT and BITB 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

MSBT vs BITB

Morgan Stanley Bitcoin Trust against Bitwise Bitcoin ETF

MSBT is cheaper: 0.14% vs 0.20% a year, or $0.60 less per $1,000 held.
BITB is 3.7x the size of MSBT by net assets.

	MSBT	BITB
Issuer	Morgan Stanley	Bitwise
Expense ratio	0.14%	0.20%
Net assets (USD)	873M	3.2B
YTD return	—	−4.26%
Net flow, last 5 days	+$6.5M	−$26.0M
Pre-market estimate: median miss	0.03%	0.05%

Verdict: MSBT or BITB?

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

Fees: what the expense ratio costs you

MSBT charges 0.14% and BITB charges 0.20% a year. On a $10,000 position that is $14 versus $20 per year, taken out of the fund's assets daily rather than billed to you. Over five years the gap compounds to roughly $30 per $10,000 in MSBT's favour, before any return.

Size and liquidity

BITB holds about $3.2B 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 BITB (0.05%). Both are re-priced every minute from live Bitcoin on the MSBT and BITB pages, with the method on the accuracy page.

FAQ

Is MSBT or BITB cheaper?: MSBT, at 0.14% a year versus 0.20% for BITB.
Which is bigger, MSBT or BITB?: BITB, with about $3.2B in net assets against $873M for MSBT.
Do MSBT and BITB 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.