{"url":"https://etfiq.com/compare/crypto/btcw-vs-msbt","section":"compare","title":"BTCW vs MSBT: Tracking, Returns & Fees | ETFIQ","description":"BTCW and MSBT both hold Bitcoin. To Oct 28, 2026, BTCW finished 0.21 of a percentage point behind Bitcoin and MSBT 0.26 behind.","as_of":"Oct 28, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which tracked Bitcoin more closely, BTCW or MSBT?","acceptedAnswer":{"@type":"Answer","text":"Over the days each has traded, BTCW finished 0.21 of a percentage point behind Bitcoin and MSBT 0.26 of a percentage point behind. Those are not set against each other here, because the two windows are not the same days, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin."}},{"@type":"Question","name":"Do BTCW or MSBT pay a staking yield?","acceptedAnswer":{"@type":"Answer","text":"Bitcoin is a proof of work chain, so there is nothing to stake and no fund holding it can pay a staking yield."}},{"@type":"Question","name":"What is the difference between BTCW and MSBT?","acceptedAnswer":{"@type":"Answer","text":"Both hold Bitcoin through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. BTCW is sponsored by WisdomTree and first traded Jan 11, 2024; MSBT by Morgan Stanley, first traded Apr 8, 2026."}},{"@type":"Question","name":"Which is cheaper, BTCW or MSBT?","acceptedAnswer":{"@type":"Answer","text":"BTCW charges 0.25% a year and MSBT charges 0.14%, so MSBT is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Crypto ETFs","item":"https://etfiq.com/crypto/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"BTCW vs MSBT","item":"https://etfiq.com/compare/crypto/btcw-vs-msbt"}]},{"@type":"WebPage","name":"BTCW vs MSBT: Tracking, Returns & Fees","description":"BTCW and MSBT both hold Bitcoin. To Oct 28, 2026, BTCW finished 0.21 of a percentage point behind Bitcoin and MSBT 0.26 behind.","url":"https://etfiq.com/compare/crypto/btcw-vs-msbt","dateModified":"2026-10-28","abstract":"Over the six months to Oct 28, 2026, BTCW finished 0.23 of a percentage point behind Bitcoin and MSBT 0.06 behind.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BTCW and MSBT","description":"BTCW and MSBT both hold Bitcoin. To Oct 28, 2026, BTCW finished 0.21 of a percentage point behind Bitcoin and MSBT 0.26 behind.","dateModified":"2026-10-28","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/crypto/btcw-vs-msbt","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"}],"variableMeasured":["Fund total return","Coin return over the same days","Tracking difference","Compounded difference","Sponsor's fee","Fee waiver","Staking","Days traded"],"keywords":["exchange-traded funds","ETF","Crypto ETFs","fund data","SEC filings"]}],"characters":8062,"truncated":true,"content":"ETFIQ / Crypto ETFs / Compare ETFs / BTCW vs MSBT \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 28, 2026 .\n\n BTCW vs MSBT: Tracking, Returns & Fees\n\n Over the six months to Oct 28, 2026, BTCW finished 0.23 of a percentage point behind Bitcoin and MSBT 0.06 behind.\n Copy this for sharing \n \n MSBT costs 0.11 points a year less.\n BTCW and MSBT at a glance. As of Oct 28, 2026. Source: ETFIQ. BTCW MSBT \n Expense ratio 0.25% 0.14% \n Net assets $162m not read by ETFIQ \n Total return, 1 year \u221228.5% not published \n What it tracks Bitcoin Bitcoin \n Holdings in common not published \n \n Net a","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, BTCW against MSBT, data as of Oct 28, 2026. https://etfiq.com/compare/crypto/btcw-vs-msbt","a":{"ticker":"BTCW","name":"WisdomTree Bitcoin Fund","issuer":"WisdomTree","desk":"crypto","as_of":"2026-10-28","verdict":"Over the year to Oct 28, 2026, BTCW lost 28.5%, against \u221228.3% for bitcoin.","url":"https://etfiq.com/funds/btcw","key_facts":[{"label":"Total return, 1 year","value":"\u221228.5%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Bitcoin over the same days","value":"\u221228.3%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Difference against Bitcoin, in percentage points","value":"\u22120.2 pts","as_of":"2026-10-28","source":null},{"label":"Days it has traded","value":"702","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$162m","as_of":"2026-09-11","source":"issuer page, as of Sep 11, 2026"},{"label":"Holds","value":"Bitcoin","as_of":"2026-10-28","source":null}]},"b":{"ticker":"MSBT","name":"Morgan Stanley Bitcoin Trust","issuer":"Morgan Stanley","desk":"crypto","as_of":"2026-10-28","verdict":"From its Apr 8, 2026 launch to Oct 28, 2026, MSBT returned 14.0%, against 14.3% for bitcoin.","url":"https://etfiq.com/funds/msbt","key_facts":[{"label":"Total return, since launch, Apr 8, 2026","value":"+14.0%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Bitcoin over the same days","value":"+14.3%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Difference against Bitcoin, in percentage points","value":"\u22120.3 pts","as_of":"2026-10-28","source":null},{"label":"Days it has traded","value":"142","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Holds","value":"Bitcoin","as_of":"2026-10-28","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/crypto/btcw-vs-msbt"}