The latest crypto milestone arrived Wednesday when Morgan Stanley officially launched the Morgan Stanley Bitcoin Trust on NYSE Arca under the ticker MSBT, becoming the first major US bank to issue a spot bitcoin ETF directly under its own name, charging 0.14% annually — the lowest fee in the entire spot bitcoin ETF market.
Summary
- MSBT began trading April 8 on NYSE Arca, undercutting every existing competitor on cost: BlackRock’s IBIT charges 0.25%, Fidelity’s FBTC charges 0.25%, and even Grayscale’s Bitcoin Mini Trust at 0.15% now trails the new fund
- Morgan Stanley employs approximately 16,000 financial advisors managing $9.3 trillion in client assets; those advisors…
