"Morgan Stanley's bitcoin ETF will charge 14bps, making it the cheapest spot bitcoin ETF on the market and 11bps cheaper than IBIT. This means none of their advisors will feel conflicted using it and they have shot at getting outside assets."
"The amended registration describes a proposed fund structure centered on cost efficiency and direct bitcoin exposure, positioning the product against existing spot ETF offerings with higher expense ratios."
"The Morgan Stanley Bitcoin Trust is designed as a passive vehicle that tracks bitcoin using the Coindesk Bitcoin Benchmark 4PM NY Settlement Rate while holding bitcoin directly without leverage or derivatives."
Morgan Stanley filed Amendment No. 3 to its S-1 registration, proposing a low-fee structure for a spot bitcoin ETF. The ETF will charge 14bps, making it the cheapest on the market. This pricing advantage may influence allocation decisions and attract external inflows. The fund is designed as a passive vehicle that tracks bitcoin directly, facilitating share creation and redemption through bitcoin transfers. The development may exert downward pressure on fees across competing issuers, particularly affecting Blackrock's offerings.
Read at news.bitcoin.com
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