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Morgan Stanley launched its spot Bitcoin ETF on Apr.
Morgan Stanley's MSBT is the first US bank-affiliated Bitcoin ETP, with a 0.14% sponsor fee.
KEY POINTS
- MSBT attracted $116 million net inflows in its first seven trading sessions, surpassing competitor BTCW.
- Goldman Sachs filed for its first Bitcoin ETF six days after MSBT launched, indicating shrinking reputational barriers.
- Major banks are using both ETF launches and expanded crypto brokerage access to compete for clients.
- MSBT's early success may trigger a fee war and broader institutional adoption of Bitcoin ETFs.
COMPANIES
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