Morgan Stanley is positioning itself aggressively in the spot Bitcoin ETF landscape, proposing a 0.14% expense ratio in its latest filing with the U.S. Securities and Exchange Commission.

The pricing places the bank just below the current lowest-cost offerings in the market and signals the potential start of a new round of fee competition among issuers.

At 14 basis points, the proposed fee would slightly undercut the Grayscale Bitcoin Mini Trust ETF, which currently carries a 0.15% expense ratio, and come in well below the iShares Bitcoin Trust ETF from BlackRock, priced at 0.25%.

Morgan Stanley moves to undercut rivals in Bitcoin ETF market

The move highlights how competition in the spot Bitcoin ETF market is shifting toward cost…