The cheapest bitcoin ETF yet: Morgan Stanley uses 0.14% fee to draw $100 million in first week
CoinDesk
Morgan Stanley's new Bitcoin ETF, MSBT, attracted over $100 million in its first week with the lowest fee at 0.14%.Summary
Morgan Stanley's spot Bitcoin ETF, MSBT, has garnered over $100 million in inflows within its first week of trading, largely due to its competitive 0.14% expense ratio, making it the cheapest in the market. The fund benefits from Morgan Stanley's extensive wealth management network, providing a direct channel to investors. While significantly smaller than BlackRock's IBIT, which has amassed over $53 billion, MSBT's launch is considered the firm's most successful ETF debut. This move is also spurring competition, with Goldman Sachs filing for its own Bitcoin ETF, indicating a broader shift among traditional financial institutions to embrace digital assets.
(Source：CoinDesk)