Overview
- Morgan Stanley disclosed the 0.14% fee in an amended SEC filing Friday, undercutting Grayscale’s 0.15% Mini Trust and BlackRock’s 0.25% iShares fund.
- The trust is slated to list on the NYSE under the ticker MSBT, but trading must wait for the SEC to declare the registration effective.
- Coinbase will custody the bitcoin while BNY Mellon takes key operational roles, adding established third parties to storage and fund administration.
- Bloomberg analysts say the low cost could steer large inflows through Morgan Stanley’s 16,000 advisors who manage $6.2 trillion, with a launch possible in early April if approved.
- If cleared, Morgan Stanley would be the first major U.S. bank to offer a spot bitcoin ETF, raising fee pressure across a roughly $83 billion market.