Morgan Stanley’s low-cost spot Bitcoin ETF launches to meet ‘growing client interest’ in crypto
The Block
Morgan Stanley has launched its MSBT spot Bitcoin ETF, offering the market's lowest sponsor fee at 0.14% to capture growing client demand.Summary
Morgan Stanley has officially launched its spot Bitcoin ETF, trading under the ticker MSBT. The firm aims to address increasing client interest in digital assets by entering the market with a competitive 0.14% sponsor fee, which currently undercuts all existing rivals, including Grayscale and BlackRock. Industry analysts highlight the significance of this launch, noting that Morgan Stanley’s extensive network of 16,000 financial advisors managing over $6 trillion could make this one of the most impactful Bitcoin ETF entries to date. Coinbase and BNY will provide custody services for the new fund.
(Source：The Block)