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Morgan Stanley’s ETF, trading under MSBT, began trading Tuesday with a 0.14% expense ratio.
Morgan Stanley launched MSBT, a spot bitcoin ETF with a 0.14% expense ratio, undercutting IBIT's 0.25%.
KEY POINTS
- MSBT can leverage Morgan Stanley's vast wealth management network to direct client allocations efficiently.
- IBIT remains the most liquid bitcoin ETF, but MSBT's lower fees may attract fee-sensitive investors.
- Morgan Stanley's ETF launch marks the first major challenge to IBIT's dominance in bitcoin ETF flows.
- The competitive landscape is shifting toward cost and distribution channels, not just liquidity and scale.
COMPANIES
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