fintech / news / / U.Today
Coinbase CEO Brian Armstrong commented on the launch of a new Bitcoin ETF by Morgan Stanley (MSBT) The debut of MSBT on NYSE Arca exceeded all.
Morgan Stanley's MSBT is the first major U.S. bank-launched spot Bitcoin ETF.
KEY POINTS
- MSBT debuted with $34 million in trading volume and $36 million in net inflows.
- MSBT charges the lowest fee among Bitcoin ETFs at 0.14%.
- Coinbase Custody and BNY Mellon jointly serve as custodians for MSBT.
- Coinbase received preliminary OCC approval to establish a national trust bank.
COMPANIES
Summarized by Newsio from U.Today. How we summarize →