Morgan Stanley sets spot bitcoin ETF fee at 0.14%, undercutting every rival on the market

Morgan Stanley has disclosed in an amended S-1 filing that its proposed spot bitcoin ETF (MSBT) will carry an annualized fee of 0.14%, positioning it as the lowest-cost option available, undercutting Grayscale's Bitcoin Mini Trust at 0.15% and major competitors like BlackRock and Fidelity at 0.25%.

If approved, MSBT would be the first spot bitcoin ETF launched directly by a major U.S. bank. Analysts view the low fee as a strategic move to encourage adoption among Morgan Stanley's approximately 16,000 financial advisors, who oversee $9.3 trillion in client assets, by removing cost as a barrier to recommending the product.

Since fees are a primary differentiator for spot bitcoin ETFs, this aggressive pricing aims to capture market share, especially as cost differences have previously driven significant asset migration, such as seen with Grayscale's flagship product.

(Source：The Block)