{
 "ticker": "MSBT",
 "name": "Morgan Stanley Bitcoin Trust",
 "issuer": "Morgan Stanley",
 "desk": "crypto",
 "url": "https://etfiq.com/funds/MSBT",
 "html": "https://etfiq.com/funds/MSBT",
 "markdown": "https://etfiq.com/funds/MSBT.md",
 "as_of": "2026-09-11",
 "verdict": "Since listing to Sep 11, 2026, MSBT returned +8.3% against Bitcoin\u2019s +8.6%, 0.35 of a percentage point behind.",
 "key_facts": [
  {
   "key": "total_return_time_since_it_listed",
   "label": "Total return, time since it listed",
   "value": "+8.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSBT, total return, time since it listed: +8.3%, as of Sep 11, 2026."
  },
  {
   "key": "bitcoin_over_the_same_days",
   "label": "Bitcoin over the same days",
   "value": "+8.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSBT, bitcoin over the same days: +8.6%, as of Sep 11, 2026."
  },
  {
   "key": "difference_against_bitcoin_in_percentage_points",
   "label": "Difference against Bitcoin, in percentage points",
   "value": "\u22120.3 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSBT, difference against Bitcoin, in percentage points: \u22120.3 pts, as of Sep 11, 2026."
  },
  {
   "key": "days_it_has_traded",
   "label": "Days it has traded",
   "value": "109",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSBT, days it has traded: 109, as of Sep 11, 2026."
  },
  {
   "key": "holds",
   "label": "Holds",
   "value": "Bitcoin",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSBT, holds: Bitcoin, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sponsor",
   "label": "Sponsor",
   "value": "Morgan Stanley",
   "source": null
  },
  {
   "key": "holds",
   "label": "Holds",
   "value": "Bitcoin",
   "source": null
  },
  {
   "key": "sponsor_s_fee",
   "label": "Sponsor\u2019s fee",
   "value": "0.14%",
   "source": "10-Q"
  },
  {
   "key": "staking",
   "label": "Staking",
   "value": "the chain has none, so no fund holding it can pay a staking yield",
   "source": null
  },
  {
   "key": "listed_since",
   "label": "Listed since",
   "value": "Apr 8, 2026",
   "source": null
  },
  {
   "key": "days_traded",
   "label": "Days traded",
   "value": "109",
   "source": null
  },
  {
   "key": "days_it_closed_unchanged",
   "label": "Days it closed unchanged",
   "value": "0",
   "source": null
  },
  {
   "key": "quoted",
   "label": "Quoted",
   "value": "on an exchange, every trading day",
   "source": null
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$22.16",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "The fund": "+22.0%",
   "Bitcoin": "+21.8%",
   "Difference, percentage points": "+0.2 pts"
  },
  {
   "window": "3 months",
   "The fund": "+21.6%",
   "Bitcoin": "+21.5%",
   "Difference, percentage points": "0.0 pts"
  },
  {
   "window": "Since it listed",
   "The fund": "+8.3%",
   "Bitcoin": "+8.6%",
   "Difference, percentage points": "\u22120.3 pts"
  }
 ],
 "questions": [
  {
   "q": "Does MSBT track Bitcoin?",
   "a": "Over the time since it listed to Sep 11, 2026 it returned +8.3% against Bitcoin\u2019s +8.6%, which leaves it 0.35 of a percentage point behind. That difference carries the fee, the custody cost and the market\u2019s pricing of the shares, and ETFIQ computes it from the fund\u2019s own closes and the coin\u2019s own closes over the same two dates."
  },
  {
   "q": "Does MSBT stake?",
   "a": "Bitcoin is a proof of work chain, so there is nothing to stake and no fund holding it can pay a staking yield."
  },
  {
   "q": "What is MSBT?",
   "a": "Morgan Stanley Bitcoin Trust, a spot Bitcoin trust sponsored by Morgan Stanley, listed Apr 8, 2026. It holds the coin through a custodian rather than futures on it or shares in companies that own it."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}