Morgan Stanley sets 0.14% Bitcoin ETF fee, lowest in market if approved

Investment slope Morgan Stanley is seeking to motorboat its spot Bitcoin exchange-traded money astatine a 0.14% fee, which would marque it the cheapest successful the US marketplace and perchance unit rivals to chopped fees to enactment competitive.

The 0.14% fee, proposed successful Morgan Stanley’s latest S-1 registration connection connected Friday, would beryllium 1 ground constituent beneath the Grayscale Bitcoin Mini Trust ETF (BTC), presently the cheapest successful the US market, and 11 ground points beneath the BlackRock-issued iShares Bitcoin Trust ETF (IBIT).

“Big determination here. They are not messing around,” Bloomberg ETF expert James Seyffart said, predicting that the Morgan Stanley Bitcoin Trust (MSBT) is “likely to motorboat successful aboriginal April.”

Source: James Seyffart

Fellow Bloomberg ETF expert Eric Balchunas said the debased interest means that nary of Morgan Stanley’s astir 16,000 fiscal advisors — which negociate $6.2 trillion successful lawsuit assets — would consciousness conflicted successful recommending the merchandise to its clients.

Given that spot Bitcoin ETFs way the terms movements of Bitcoin (BTC), Morgan Stanley’s ultra-low interest could spark a caller interest warfare successful the $83 cardinal market, putting contiguous unit connected rivals to chopped costs oregon hazard losing assets.

Regulatory support would marque Morgan Stanley the archetypal slope to contented a spot Bitcoin ETF, expanding entree to Bitcoin vulnerability for millions of its high-net-worth clients.

“They are the eventual gatekeepers of affluent boomer money,” Balchunas added.

Morgan Stanley antecedently selected Coinbase and Bank of New York Mellon arsenic the projected custodians for its Bitcoin ETF.

Morgan Stanley seeking suite of crypto ETFs, banking charter

Morgan Stanley, antecedently 1 of the much crypto-hesitant Wall Street firms, filed for the spot Bitcoin ETF in the archetypal week of January, on with a Solana (SOL) ETF.

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It past filed papers for a staked Ether (ETH) ETF later that week, and by the extremity of the month, the slope appointed 1 of Morgan Stanley’s longest-standing executives, Amy Oldenburg, to pb its integer plus team.

Source: James Seyffart

Morgan Stanley besides applied for a national spot banking charter connected Feb. 18, seeking to custody definite integer assets and execute purchases, income and swaps for clients successful summation to staking services.

In October, earlier the concern slope adopted its organization crypto strategy, it recommended a 2% to 4% allocation to crypto portfolios for investors. It besides allowed its fiscal advisors to urge crypto funds to clients with idiosyncratic status accounts (IRAs) and 401(k)s.

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