Overview
- Morgan Stanley disclosed a 0.14% annual fee for the Morgan Stanley Bitcoin Trust in an amended SEC filing, with the fund slated to use the ticker MSBT.
- The New York Stock Exchange has issued a listing notice for the product, signaling it is ready to begin trading once the SEC makes the registration effective.
- Coinbase Custody Trust Company and BNY Mellon are named as custodians to hold the fund’s bitcoin, pairing a crypto specialist with a long‑standing global bank.
- The price undercuts Grayscale’s 0.15% Bitcoin Mini Trust and is well below BlackRock’s 0.25% iShares fund, heightening fee pressure that has already steered investors toward cheaper ETFs.
- Bloomberg analysts highlight the reach of roughly 16,000 Morgan Stanley advisors managing about $6.2 trillion and some expect a possible early April launch, which remains contingent on SEC approval.