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MSBT vs BITO

Morgan Stanley Bitcoin Trust vs ProShares Bitcoin ETF

MSBT

Morgan Stanley Bitcoin Trust

Annual cost

0.14%

Fund size

$260M

BITO

ProShares Bitcoin ETF

Annual cost

0.95%

Fund size

$1.7B

Key differences

Both MSBT and BITO are cryptocurrency ETFs. MSBT charges 0.14% a year and BITO 0.95%. The main difference: MSBT costs 0.81% less per year.

  • MSBT costs 0.81% less per year.
  • BITO is much larger than MSBT. Larger funds are usually more liquid and less likely to close.
  • BITO has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MSBTBITO
Annual cost (TER)0.14%0.95%
Fund size (AUM)$260M$1.7B
Since20262021
Dividend yield69.88%
Asset classcryptocurrencycryptocurrency
Region
Strategy
CAGR 1YN/A-44.9%
CAGR 3YN/A+22.5%
CAGR 5YN/AN/A
Sharpe 3YN/A0.58
Volatility 1Y43.86%
Max drawdown-31.39%-77.86%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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