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Morgan Stanley’s spot bitcoin exchange-traded fund (ETF) began trading Wednesday.
Morgan Stanley's spot bitcoin ETF, MSBT, launched with over 1.6 million shares traded on day one.
KEY POINTS
- MSBT charges a 0.14% expense ratio, making it the lowest-cost spot bitcoin ETF available.
- The ETF tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate for pricing.
- Morgan Stanley leverages its vast wealth management network to distribute MSBT to advisor-led investors.
- Experts expect MSBT to compete for capital with BlackRock's IBIT, which holds over $53 billion in assets.
COMPANIES
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