According to CoinMeta, Morgan Stanley's Bitcoin trust ETF ( MSBT ) began trading on April 8, 2026, but analysts believe that investors should not regard it merely as another low-cost spot Bitcoin ETF. Before the launch of MSBT, Morgan Stanley's analysts stated that they do not hold any stocks, options, or similar derivatives in the mentioned companies, nor do they have any plans to initiate such holdings in the next 72 hours.