Morgan Stanley's bitcoin ETF opens today, giving BlackRock’s $55 billion IBIT fund its toughest rival yet
CoinDesk
Morgan Stanley has launched the MSBT bitcoin ETF, aiming to challenge BlackRock's IBIT by leveraging lower fees and a massive wealth management distribution network.Summary
Morgan Stanley has officially launched its spot bitcoin ETF, trading under the ticker MSBT, positioning itself as a direct competitor to BlackRock's iShares Bitcoin Trust (IBIT). While IBIT currently dominates the market with $55 billion in assets and superior liquidity, Morgan Stanley seeks to disrupt this lead by offering a lower expense ratio of 0.14% compared to IBIT's 0.25%. Analysts note that while IBIT remains the preferred vehicle for active traders due to its liquidity, Morgan Stanley's vast wealth management network provides a significant distribution advantage that could shift future capital inflows toward the new fund.
(Source：CoinDesk)