As of April 2026, the competitive landscape for #bitcoin #ETFs has intensified, with major banks now undercutting traditional asset managers to capture market share.
Bitcoin ETF Fee Comparison Table (April 2026)
The following table summarizes the net management fees for the most prominent funds, highlighting the emergence of low-cost banking options.
Ticker Fund Name Net Fee Primary Custodian
MSBT Morgan Stanley Bitcoin Trust 0.14% BNY Mellon / Coinbase
BTC Grayscale Bitcoin Mini Trust 0.15% Coinbase Custody
EZBC Franklin Bitcoin ETF 0.19% Coinbase Custody
BITB Bitwise Bitcoin ETF 0.20% Coinbase Custody
IBIT iShares Bitcoin Trust (BlackRock) 0.25% Coinbase Custody
FBTC Fidelity Wise Origin Bitcoin Fund 0.25% Fidelity Digital Assets
GBTC Grayscale Bitcoin Trust 1.50% Coinbase Custody
Key Cost Efficiency Insights $BTC
Lowest Industry Fee: Morgan Stanley's MSBT is currently the cheapest spot Bitcoin ETF in the U.S. at 0.14%, having launched in early April 2026 to specifically undercut BlackRock's IBIT and Fidelity's FBTC. $ETH
The "Mini" Alternative: Grayscale's BTC Mini Trust remains a top low-cost choice at 0.15%, intended as a cheaper alternative for those wanting to exit the high-fee 1.50% GBTC structure. $BNB
Yield-Focused Options: Goldman Sachs recently filed for a Bitcoin Premium Income ETF (April 14, 2026), which will likely carry a different fee structure as it uses covered calls to generate monthly yield rather than pure spot exposure.
Long-Term Impact: While a 0.11% difference between Morgan Stanley (0.14%) and BlackRock (0.25%) may seem small, it significantly impacts long-term compounding for large institutional portfolios.