Morgan Stanley plans to launch a spot bitcoin ETF priced at 14 basis points, undercutting current low-cost rivals and potentially igniting a new fee war.
Because spot bitcoin ETFs offer nearly identical exposure, Morgan Stanley's lower fee could prompt advisors to shift client assets from higher-cost funds.
If approved, the MSBT fund would be the first spot bitcoin ETF issued directly by a major U.S. bank, leveraging Morgan Stanley's vast wealth management network to compete on cost and distribution.
$BTC
Because spot bitcoin ETFs offer nearly identical exposure, Morgan Stanley's lower fee could prompt advisors to shift client assets from higher-cost funds.
If approved, the MSBT fund would be the first spot bitcoin ETF issued directly by a major U.S. bank, leveraging Morgan Stanley's vast wealth management network to compete on cost and distribution.
$BTC