{"url":"https://etfiq.com/compare/crypto/fbtc-vs-msbt","section":"compare","title":"FBTC vs MSBT: Tracking, Returns & Fees | ETFIQ","description":"FBTC and MSBT both hold Bitcoin. To Oct 28, 2026, FBTC finished 0.20 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, FBTC or MSBT?","acceptedAnswer":{"@type":"Answer","text":"Over the days each has traded, FBTC finished 0.20 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 FBTC 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 FBTC 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. FBTC is sponsored by Fidelity and first traded Jan 11, 2024; MSBT by Morgan Stanley, first traded Apr 8, 2026."}},{"@type":"Question","name":"Which is cheaper, FBTC or MSBT?","acceptedAnswer":{"@type":"Answer","text":"FBTC 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":"FBTC vs MSBT","item":"https://etfiq.com/compare/crypto/fbtc-vs-msbt"}]},{"@type":"WebPage","name":"FBTC vs MSBT: Tracking, Returns & Fees","description":"FBTC and MSBT both hold Bitcoin. To Oct 28, 2026, FBTC finished 0.20 of a percentage point behind Bitcoin and MSBT 0.26 behind.","url":"https://etfiq.com/compare/crypto/fbtc-vs-msbt","dateModified":"2026-10-28","abstract":"Over the six months to Oct 28, 2026, FBTC finished 0.09 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 FBTC and MSBT","description":"FBTC and MSBT both hold Bitcoin. To Oct 28, 2026, FBTC finished 0.20 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/fbtc-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":8086,"truncated":true,"content":"ETFIQ / Crypto ETFs / Compare ETFs / FBTC vs MSBT \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 28, 2026 .\n\n FBTC vs MSBT: Tracking, Returns & Fees\n\n Over the six months to Oct 28, 2026, FBTC finished 0.09 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 FBTC and MSBT at a glance. As of Oct 28, 2026. Source: ETFIQ. FBTC MSBT \n Expense ratio 0.25% 0.14% \n Net assets $15.5bn 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","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, FBTC against MSBT, data as of Oct 28, 2026. https://etfiq.com/compare/crypto/fbtc-vs-msbt","a":{"ticker":"FBTC","name":"Fidelity Wise Origin Bitcoin Fund","issuer":"Fidelity","desk":"crypto","as_of":"2026-10-28","verdict":"Over the year to Oct 28, 2026, FBTC lost 28.5%, against \u221228.3% for bitcoin.","url":"https://etfiq.com/funds/fbtc","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":"$15.5bn","as_of":"2026-09-30","source":"the issuer\u2019s own number for this ETF, month end, as of Sep 30, 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/fbtc-vs-msbt"}