crypto complex

03/29 17:17

Morgan Stanley’s 16,000 financial advisors manage

Morgan Stanley’s 16,000 financial advisors manage $6.2 trillion in client assets. That number has been sitting in the background of a major filing — and it explains a lot about why the bank set its proposed Bitcoin ETF fee where it did. A Fee Built For Advisors, Not Just Investors The bank filed an updated S-1 registration statement with the SEC on Friday, setting the fee for its proposed Morgan Stanley Bitcoin Trust at 0.14%. If approved, that would make it the lowest fee of any spot Bitcoin ETF currently trading in the US market. Bloomberg ETF analyst Eric Balchunas said the fee was set with advisors in mind — at that price point, no one on the firm’s sales floor would feel awkward recommending the product to clients. Morgan Stanley disclosed the 0.14% fee in its latest S-1 filing on Friday. That is a practical calculation. Advisors who push high-fee products into client portfolios face questions. At 0.14%, those questions go away. BlackRock’s iShares Bitcoin Trust charges 0.25%. The Grayscale Bitcoin Mini Trust sits at 0.15%. Morgan Stanley is going in one basis point below both of its nearest rivals. Bloomberg ETF analyst James Seyffart called it a big move and said an early April launch is likely, pending regulatory approval. WOW. We have the fee on Morgan Stanley’s spot bitcoin ETF $MSBT. Will charge just 0.14% !!! Big move here. They are not messing around. Likely to launch in early April. https://t.co/R0iA3wMB5N — James Seyffart (@JSeyff) March 27, 2026 Image: Kitco First Bank To Issue A Spot Bitcoin ETF Approval would put Morgan Stanley in a category of one. No major bank has yet issued a spot Bitcoin ETF in the US. That distinction, combined with a rock-bottom fee and a distribution network of thousands of advisors, gives the product a strong early position if it clears the SEC. Bitcoin is now t

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