Morgan Stanley Bitcoin Trust (MSBT) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MSBT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MSBT
MSBT charges 0.14% annually. No ETFs in the Cryptocurrency category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.51B | Jul 2024 | MSBT vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.60B | Jul 2024 | MSBT vs BTC | |
| Franklin Solana ETF | 0.19% | 8.80M | Dec 2025 | MSBT vs SOEZ | |
| Franklin Ethereum ETF | 0.19% | 32.26M | Jul 2024 | MSBT vs EZET | |
| Franklin Bitcoin ETF | 0.19% | 331.89M | Jan 2024 | MSBT vs EZBC |
Best Risk-Adjusted Alternatives to MSBT
Among 74 ETFs in the Cryptocurrency category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | MSBT vs ZCSH | |
| CoinShares Bitcoin Miners ETF | 51 | 395.17M | Feb 2022 | MSBT vs WGMI | |
| ProShares Short Bitcoin ETF | 47 | 115.79M | Jun 2022 | MSBT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 41 | 158.01M | Apr 2024 | MSBT vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 36 | — | Jul 2024 | MSBT vs BTCZ |
Top Performing MSBT Alternatives (YTD)
Among 110 ETFs in the Cryptocurrency category with YTD return data, the top-performing alternatives shown here go as high as 45.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares UltraShort Ether ETF | 45.31% | 51.90M | Jun 2024 | MSBT vs ETHD | |
| CoinShares Bitcoin Miners ETF | 45.02% | 395.17M | Feb 2022 | MSBT vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 36.65% | 158.01M | Apr 2024 | MSBT vs SBIT | |
| ProShares Short Ether Strategy ETF | 35.77% | 17.31M | Nov 2023 | MSBT vs SETH | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 32.07% | — | Jul 2024 | MSBT vs BTCZ |
Lowest Volatility Alternatives to MSBT
MSBT has 36.83% 1-year volatility. There are 18 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.01% | — | Oct 2025 | MSBT vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.74% | — | Oct 2025 | MSBT vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.73% | — | Oct 2025 | MSBT vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.99% | — | Oct 2025 | MSBT vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.00% | 7.63M | Sep 2025 | MSBT vs BFOC |
Lowest Drawdown Alternatives to MSBT
Among 74 ETFs in the Cryptocurrency category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 22.57M | Aug 2022 | MSBT vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.45M | Jun 2025 | MSBT vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.35M | Dec 2024 | MSBT vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 115.79M | Jun 2022 | MSBT vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -26.45% | 1.48M | Mar 2024 | MSBT vs BTRN |
Other ETFs from Morgan Stanley
The 3 most viewed Morgan Stanley ETFs shown here include PAPI, MSLC, MSSM and span 3 categories. AUM among these funds goes as high as $414M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Parametric Equity Premium Income ETF | Derivative Income | 41 | 9.52% | 414.48M | Oct 2023 | MSBT vs PAPI | |
| Morgan Stanley Pathway Large Cap Equity ETF | Large Cap Blend Equities | 52 | 9.34% | — | Nov 1991 | MSBT vs MSLC | |
| Morgan Stanley Pathway Small-Mid Cap Equity ETF | Small Cap Blend Equities | 68 | 19.56% | — | Dec 2024 | MSBT vs MSSM |
Often Compared With MSBT
Investors most often compare MSBT with IBIT, ARKB, BHDG. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MSBT with Any Fund or Stock
Compare MSBT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MSBT with funds that move differently
Morgan Stanley Bitcoin Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MSBT.
Explore MSBT Diversifiers