Morgan Stanley’s MSBT ETF Nears Launch on NYSE Arca
- Morgan Stanley’s proposed Bitcoin ETF, MSBT, has received an NYSE Arca listing announcement.
- The ETF is structured as a physical spot Bitcoin ETF that directly holds bitcoin to track its price without derivatives.
- The fund plans to start with a seed structure of approximately $1 million, equating to about 50,000 shares.
- Fidelity’s FBTC and Blackrock’s IBIT currently dominate the market with fees set at around 0.25%.
- Morgan Stanley reported $9.3 trillion in client assets across Wealth and Investment Management by the end of the previous year.
Morgan Stanley is advancing towards launching its spot Bitcoin ETF, MSBT, on NYSE Arca, signaling intensified competition in the Bitcoin ETF market dominated by Fidelity and Blackrock. The new fund aims to provide direct exposure to Bitcoin prices without using leverage or derivatives.
A successful launch of MSBT could increase fee competition and broaden Bitcoin ETF adoption through Morgan Stanley’s vast distribution network.Source
