MSBTvsXBTE
Morgan Stanley (MSBT) Bitcoin Trust ETP vs CoinShares / XBT Provider
Side-by-side Bitcoin treasury comparison: holdings, market cap, mNAV ratio, BTC per share, cost basis, and recent purchases. Numbers refresh every 5 minutes from SEC filings and live market data.
MSBT
Morgan Stanley (MSBT) Bitcoin Trust ETP
🇺🇸 US
2,678 BTC
$209.3M market value
XBTE
CoinShares / XBT Provider
🇨🇭 CH
48,466 BTC
$3.8B market value
Metric
MSBT
XBTE
BTC holdings
2,678 BTC
48,466 BTC
Market value of BTC
$209.3M
$3.8B
Average cost per BTC
—
—
Total cost basis
—
—
Last disclosed purchase
—
—
Country
🇺🇸 US
🇨🇭 CH
No tracked purchases yet
No tracked purchases yet
MSBT vs XBTE: frequently asked
Which company holds more Bitcoin, MSBT or XBTE?▾
CoinShares / XBT Provider (XBTE) holds 48,466 BTC, compared to Morgan Stanley (MSBT) Bitcoin Trust ETP's (MSBT) 2,678 BTC — roughly 18.1× more.
What's the total Bitcoin value on the balance sheets of MSBT and XBTE?▾
MSBT holds $209.3M worth of Bitcoin at current market prices. XBTE holds $3.8B.
Who has a lower cost basis per BTC, MSBT or XBTE?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did MSBT last buy Bitcoin?▾
MSBT's last BTC purchase isn't in our tracked history yet.
When did XBTE last buy Bitcoin?▾
XBTE's last BTC purchase isn't in our tracked history yet.