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How much bitcoin is in one share of MSBT?

Morgan Stanley Bitcoin Trust (MSBT), from Morgan Stanley. Coins per share, fee, and a calculator for your shares.

BTC per share of MSBT
0.00028645 BTC

As of Oct 23, 2026, one share of MSBT held 0.00028645 BTC (about 28,645 sats). About 3,491 shares of MSBT equal one BTC.

Coin value of one share now: — at the current price per BTC.

Fund
Morgan Stanley Bitcoin Trust
Issuer
Morgan Stanley
Coin held
Bitcoin
Expense ratio
0.14%
Stakes?
No
Coins held
10,798.90 BTC
Shares outstanding
—
Data as of
Oct 23, 2026
Data quality
Derived from issuer NAV NAV per share / (holdings market value / coin quantity), issuer page
Source
Morgan Stanley data
Issuer page
www.morganstanley.com

MSBT calculator: shares to BTC, or BTC to shares

How the fee shrinks MSBT’s bitcoin per share

AfterBTC per shareCoin lost to fees
1 year0.000286050.14%
5 years0.000284460.70%
10 years0.000282471.39%

Assumes the 0.14% fee stays the same. Compare fees across all funds.

Other spot BTC ETFs (by fee)

BTC 0.15%EZBC 0.19%BITB 0.20%HODL 0.20%ARKB 0.21%IBIT 0.25%FBTC 0.25%BRRR 0.25%BTCO 0.25%BTCW 0.25%GBTC 1.50%

MSBT FAQ

How much bitcoin is in one share of MSBT?

As of Oct 23, 2026, one share of MSBT held 0.00028645 BTC (about 28,645 sats). About 3,491 shares of MSBT equal one BTC. Source: Morgan Stanley.

How many shares of MSBT equal 1 BTC?

About 3,491 shares as of Oct 23, 2026. This rises slowly over time because the 0.14% fee is paid in bitcoin.

What is the MSBT expense ratio?

MSBT charges 0.14% a year. It is the 1st cheapest of 12 spot BTC funds listed here.

Does MSBT stake its bitcoin?

No. MSBT does not stake, so its bitcoin per share only goes down over time, by roughly the fee each year.

Is MSBT the same as owning bitcoin?

Not quite. MSBT holds bitcoin for you and its price tracks the coin, but you own fund shares, pay the fee, and cannot withdraw the coin. Shares can trade a little above or below the value of the coins they hold.

Education only, not financial advice. This site is not affiliated with any fund issuer. Coins-per-share figures come from issuer websites and can be delayed or wrong, so check the issuer’s page before you rely on a number. Crypto is very volatile and you can lose money.