"The firm's proposed Morgan Stanley Bitcoin Trust, trading under the ticker MSBT, has received an official NYSE Arca listing announcement, a development that usually signals that a launch is close."
"The trust's latest SEC filing shows it is structured as a physical spot bitcoin fund that aims to track bitcoin's price without leverage or derivatives."
"Morgan Stanley has not yet disclosed the fee in the public filing, but estimates suggest it could be 0.24%, just below Blackrock's 0.25% fee on the iShares Bitcoin Trust."
"Morgan Stanley's edge is distribution, with the bank reporting $9.3 trillion in client assets across Wealth Management."
Morgan Stanley's proposed Bitcoin Trust, MSBT, is set to launch soon following an official NYSE Arca listing announcement. The fund is designed as a physical spot bitcoin ETF, aiming to track bitcoin's price without leverage or derivatives. The latest SEC filing indicates a seed structure of 50,000 shares, valued at approximately $1 million. The fee structure remains undisclosed, but estimates suggest it could be competitive against Blackrock and Fidelity. Morgan Stanley's distribution advantage is significant, with $9.3 trillion in client assets reported.
Read at news.bitcoin.com
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