MSBT vs HODL

Verdict: HODL

HODL is both the cheaper and the larger fund, so it is the default pick unless you need MSBT for a specific brokerage or account.

Fees: what the expense ratio costs you

MSBT charges 0.14% and HODL charges 0.00% a year. On a $10,000 position that is $14 versus $0 per year, taken out of the fund's assets daily rather than billed to you. Over five years the gap compounds to roughly $70 per $10,000 in HODL's favour, before any return.

Size and liquidity

HODL holds about $1.2B 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 HODL (0.06%). Both are re-priced every minute from live Bitcoin on the MSBT and HODL pages, with the method on the accuracy page.

FAQ

Is MSBT or HODL cheaper?

HODL, at 0.00% a year versus 0.14% for MSBT.

Which is bigger, MSBT or HODL?

HODL, with about $1.2B in net assets against $873M for MSBT.

Do MSBT and HODL 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.