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Morgan Stanley launched its spot bitcoin exchange-traded fund today.
Morgan Stanley launched its own spot bitcoin ETF, MSBT, with a 0.14% expense ratio.
KEY POINTS
- MSBT's fee is the lowest among spot bitcoin ETFs, undercutting BlackRock's IBIT at 0.25%.
- Morgan Stanley is the first major U.S. bank to issue and list its own spot bitcoin ETF.
- Morgan Stanley's wealth management division can directly allocate MSBT to over $6 trillion in client assets.
- Morgan Stanley has filed for additional crypto products and plans direct crypto trading via E*Trade.
COMPANIES
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