Morgan Stanley Bitcoin ETF set to begin trading tomorrow under MSBT

Morgan Stanley's spot Bitcoin ETF is poised to commence trading on Wednesday, April 8th, under the ticker MSBT, following the SEC declaring the Morgan Stanley Bitcoin Trust effective and the bank filing its final prospectus. The fund will be a physical product holding Bitcoin directly and tracking the CoinDesk Bitcoin Benchmark, without employing leverage or derivatives. Notably, it features an aggressive annual sponsor fee of 0.14%, undercutting major competitors like BlackRock's IBIT. BNY and Coinbase Custody Trust Company will act as custodians, with initial seed creation baskets expected to be around $1 million. This launch signifies a significant move by Morgan Stanley, a major US bank, into the spot Bitcoin ETF market, following its earlier filings for both Bitcoin and Solana ETFs.

(Source：Crypto Briefing)