Morgan Stanley Bitcoin Trust (MSBT) is an exchange-traded fund in the Digital Assets category. It has $296.54M in assets and an expense ratio of 0.14%. In seeking to achieve its investment objective, the Trust will hold bitcoin. The Delegated Sponsor of the Trust is Morgan Stanley Investment Management Inc. (the “Delegated Sponsor”), a wholly-owned subsidiary of Morgan Stanley. The Trust does not provide investors with direct exposure to spot bitcoin, and an investment in the Trust is not a direct investment in bitcoin.