Morgan Stanley Proposes Lowest Fee for Spot Bitcoin ETF in the US
- Morgan Stanley plans to launch a spot Bitcoin ETF with a fee of just 0.14%.
- If approved, this would be the lowest fee for a Bitcoin ETF in the US market.
- The bank’s ETF could trigger a fee war among competitors in the $83 billion market.
- Morgan Stanley has selected Coinbase and Bank of New York Mellon as custodians for its Bitcoin ETF.
- The firm also filed for additional crypto ETFs, including one focused on Solana (SOL) and staked Ether (ETH).
This move marks a significant shift for Morgan Stanley, which previously hesitated to engage with cryptocurrencies. The proposed low fee is expected to encourage its approximately 16,000 financial advisors to recommend the product without conflicts of interest.
With regulatory approval, Morgan Stanley could become the first bank to issue a spot Bitcoin ETF, enhancing access to Bitcoin investments for high-net-worth clients managing over $6 trillion in assets. (Source)
