BSOL vs. MSBT

Last updated Jun 4, 2026

BSOL (Bitwise Solana Staking ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds - BSOL tracks the Solana (SOL) spot price while MSBT tracks the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. BSOL charges 0.20%/yr vs 0.14%/yr for MSBT.

Performance

BSOL vs. MSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Solana Staking ETF (BSOL) and Morgan Stanley Bitcoin Trust (MSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSOL

• 1D: -4.71%
• 1M: -14.67%
• YTD: -40.79%
• 6M: -47.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSBT

• 1D: -2.70%
• 1M: -18.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSOL vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
BSOL Bitwise Solana Staking ETF	-13.07%
MSBT Morgan Stanley Bitcoin Trust	-8.40%

Correlation

The correlation between BSOL and MSBT is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.79

Return for Risk

BSOL vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Solana Staking ETF (BSOL) and Morgan Stanley Bitcoin Trust (MSBT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BSOL	MSBT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	-1.33	+0.26

Drawdowns

BSOL vs. MSBT - Drawdown Comparison

The maximum BSOL drawdown since its inception was -62.00%, which is greater than MSBT's maximum drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for BSOL and MSBT.

Drawdown Indicators

	BSOL	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-62.00%	-20.25%	-41.75%
Current Drawdown Current decline from peak	-62.00%	-20.25%	-41.75%
Average Drawdown Average peak-to-trough decline	-43.66%	-3.91%	-39.75%

Volatility

Volatility by Period

	BSOL	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.26%	32.92%	+42.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.26%	32.92%	+42.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.26%	32.92%	+42.34%

BSOL vs. MSBT - Expense Ratio Comparison

BSOL has a 0.20% expense ratio, which is higher than MSBT's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BSOL vs. MSBT - Dividend Comparison

Neither BSOL nor MSBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BSOL and MSBT in my portfolio?

BSOL and MSBT have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSOL or MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSOL or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.20% for BSOL.

Which ETF pays a higher dividend yield, BSOL or MSBT?

BSOL and MSBT have nearly identical dividend yields, around 0.00%.

What is the main difference between BSOL and MSBT?

BSOL tracks Solana (SOL) spot price, while MSBT tracks CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate. They also come from different issuers: Bitwise and Morgan Stanley. Their fees differ too: 0.20% for BSOL and 0.14% for MSBT.