Morgan Stanley Launches Bitcoin ETF with Lowest Fees in Market
- The Morgan Stanley Bitcoin Trust (MSBT) will debut on the NYSE Arca on April 8.
- MSBT features an ultra-low management fee of just 0.14%, making it the cheapest Bitcoin ETF available.
- This marks the first major commercial bank offering a Bitcoin ETF in the US since Grayscale’s launch of its Bitcoin Mini Trust ETF in July.
- Morgan Stanley has appointed Coinbase and Bank of New York Mellon as custodians for MSBT.
- The bank is also pursuing additional crypto initiatives, including a staked Ether ETF and Solana ETF.
The launch of MSBT underscores Morgan Stanley’s commitment to expanding its presence in the cryptocurrency market, especially as it aims to attract wealth managed by its extensive advisor network.
With a competitive fee structure and strategic partnerships, MSBT could significantly influence the pricing landscape among rival Bitcoin ETFs.(Source)
