Morgan Stanley Expands Crypto Services Following Bitcoin ETF Success
- Morgan Stanley is launching a crypto trading pilot for its E*Trade platform, targeting its 8.6 million customers.
- The trading fee is set at just 50 basis points per transaction, significantly lower than competitors like Coinbase and Robinhood.
- The bank’s Bitcoin ETF, launched under the ticker MBST in April, has attracted $92 million in net inflows.
- The ETF features a low management fee of only 0.14%, making it one of the most affordable options available.
- Charles Schwab recently introduced its own crypto trading services with a higher brokerage fee of 0.75% per transaction.
Morgan Stanley’s move to offer competitive pricing in both its Bitcoin ETF and upcoming crypto trading services reflects its strategy to capture market share amid rising interest in digital assets.
With $92 million in inflows since the launch of its Bitcoin ETF, Morgan Stanley aims to leverage low fees to attract more investors into its digital asset offerings. (Source)
