{"url":"https://etfiq.com/compare/crypto/gbtc-vs-msbt","section":"compare","title":"GBTC vs MSBT: Tracking, Returns & Fees | ETFIQ","description":"GBTC and MSBT both hold Bitcoin. Over the days each has traded, to Oct 28, 2026 GBTC finished 1.0 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, GBTC or MSBT?","acceptedAnswer":{"@type":"Answer","text":"Over the days each has traded, GBTC finished 1.0 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 GBTC 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 GBTC 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. GBTC is sponsored by Grayscale; MSBT by Morgan Stanley, first traded Apr 8, 2026."}},{"@type":"Question","name":"Which is cheaper, GBTC or MSBT?","acceptedAnswer":{"@type":"Answer","text":"GBTC charges 1.50% 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":"GBTC vs MSBT","item":"https://etfiq.com/compare/crypto/gbtc-vs-msbt"}]},{"@type":"WebPage","name":"GBTC vs MSBT: Tracking, Returns & Fees","description":"GBTC and MSBT both hold Bitcoin. Over the days each has traded, to Oct 28, 2026 GBTC finished 1.0 percentage point behind Bitcoin and MSBT 0.26 behind.","url":"https://etfiq.com/compare/crypto/gbtc-vs-msbt","dateModified":"2026-10-28","abstract":"Over the six months to Oct 28, 2026, GBTC finished 0.67 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 GBTC and MSBT","description":"GBTC and MSBT both hold Bitcoin. Over the days each has traded, to Oct 28, 2026 GBTC finished 1.0 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/gbtc-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":8007,"truncated":true,"content":"ETFIQ / Crypto ETFs / Compare ETFs / GBTC vs MSBT \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 28, 2026 .\n\n GBTC vs MSBT: Tracking, Returns & Fees\n\n Over the six months to Oct 28, 2026, GBTC finished 0.67 of a percentage point behind Bitcoin and MSBT 0.06 behind.\n Copy this for sharing \n \n MSBT costs 1.36 points a year less.\n GBTC and MSBT at a glance. As of Oct 28, 2026. Source: ETFIQ. GBTC MSBT \n Expense ratio 1.50% 0.14% \n Net assets $8.1bn not read by ETFIQ \n Total return, 1 year \u221229.3% 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, GBTC against MSBT, data as of Oct 28, 2026. https://etfiq.com/compare/crypto/gbtc-vs-msbt","a":{"ticker":"GBTC","name":"Grayscale Bitcoin Trust ETF","issuer":"Grayscale","desk":"crypto","as_of":"2026-10-28","verdict":"Over the year to Oct 28, 2026, GBTC lost 29.3%, against \u221228.3% for bitcoin.","url":"https://etfiq.com/funds/gbtc","key_facts":[{"label":"Total return, 1 year","value":"\u221229.3%","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":"\u22121.0 pts","as_of":"2026-10-28","source":null},{"label":"Net assets","value":"$8.1bn","as_of":"2026-06-30","source":"10-Q balance sheet, as of Jun 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/gbtc-vs-msbt"}