"Morgan Stanley's MBST will charge a 0.14% annual fee, undercutting competitors like BlackRock's IBIT, which charges around 0.25%. This pricing strategy aims to capture market share through cost leadership."
"The launch positions Morgan Stanley as the first major U.S. bank to issue a spot bitcoin ETF, directly holding bitcoin rather than distributing external products."
"Industry figures have indicated that the MBST could serve as a significant catalyst for bitcoin allocation within traditional investment portfolios, potentially reshaping the ETF ecosystem."
Morgan Stanley is launching the Morgan Stanley Bitcoin Trust (MBST) on April 8, making it the first major U.S. bank to issue a spot bitcoin ETF. The product will trade under the ticker MSBT US and directly hold bitcoin. With a competitive annual fee of 0.14%, lower than many competitors, the fund aims to attract clients through cost leadership. The bank's wealth division, managing trillions in assets, could leverage this in-house product to facilitate bitcoin allocations without relying on higher-fee third-party funds.
Read at Bitcoin Magazine
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