Morgan Stanley Launches Cheapest Bitcoin ETF
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Morgan Stanley launches the cheapest Bitcoin ETF yet, MSBT, with a 0.14% fee, entering a hot market with $74.3 billion inflows since January 2024. As prime gatekeepers for big boomer cash, Morgan Stanleys low fee may force rivals to slash prices and heat up competition. The bank, with 16,000 advisors and $6 trillion in assets, picked Coinbase and BNY Mellon as custodians, signaling a crypto push. Expect more pressure on fees and fresh capital flowing into Bitcoin as Morgan Stanley ramps up its blockchain game.
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