Morgan Stanley Eyes Bitcoin ETF With Fee That Could Shake An $83 Billion Market
Morgan Stanley has filed for a spot Bitcoin ETF with a record-low fee of 0.14%, undercutting major competitors like BlackRock (0.25%) and Grayscale (0.15%). The bank’s strategy targets its network of 16,000 financial advisors who manage $6.2 trillion in assets, making the product an easy recommendation without client fee concerns. If approved, it would be the first U.S. spot Bitcoin ETF issued by a major bank. The fund has appointed Coinbase and Bank of New York Mellon as custodians, signaling a long-term commitment. This move could pressure the $83 billion ETF market to lower fees. Morgan Stanley is also expanding into other crypto ETFs, including Solana and staked Ether.
bitcoinist03/29 00:02
