Morgan Stanley enters bitcoin ETF race with market-leading low fee
Morgan Stanley plans to launch a spot bitcoin ETF with a market-leading 14 basis point fee.Summary
Morgan Stanley has filed an amended document with the SEC proposing to price its spot bitcoin exchange-traded fund (ETF) at 14 basis points, which would make it the lowest-cost option on the market, undercutting rivals charging 15 to 25 basis points. This move is significant because spot bitcoin ETFs offer nearly identical exposure, making cost a primary differentiator for investors and advisors. The proposed fee is slightly lower than Grayscale’s current lowest fee of 0.15% (15 basis points). Morgan Stanley's entry, backed by its massive wealth management division, could trigger a new round of fee competition. If approved, the fund (MSBT) would be the first spot bitcoin ETF issued directly by a major U.S. bank, potentially shifting billions of dollars based on fee structures.
(Source：CoinDesk)