Particle.news
Download on the App Store
3 ARTICLES
·
last mo.

Morgan Stanley Sets 0.14% Fee for Planned Bitcoin ETF as Early-April Debut Nears

The bank’s vast advisor network could channel significant client money into its own low-cost fund.

Image

Overview

  • Morgan Stanley set a 0.14% annual fee for the planned MSBT spot Bitcoin ETF, undercutting BlackRock at 0.25% and Grayscale at 0.15%.
  • Trading can begin only after SEC approval, with Bloomberg analysts expecting an early April start.
  • The product would be the first spot Bitcoin ETF issued directly by a major U.S. bank.
  • The bank has about 16,000 financial advisors who can recommend in-house products to clients.
  • Coinbase will serve as Bitcoin custodian and BNY Mellon will handle cash and administration, according to filings.