Bitcoin News Today: Morgan Stanley Sets Ultra-Low Fee for Spot BTC ETF
Morgan Stanley has set a 0.14% management fee for its proposed spot Bitcoin ETF, MSBT, according to an updated S-1 filing with the US Securities and Exchange Commission. The low fee could pressure rivals to lower costs and give Morgan Stanley a competitive edge in the spot Bitcoin ETF market.
Morgan Stanley has filed an updated S-1 for its proposed spot Bitcoin ETF, MSBT. The filing reveals a 0.14% management fee, lower than key rivals. This move deepens Morgan Stanley's push into digital assets. The bank has also filed for a staked Ether ETF and applied for a national trust banking charter to offer crypto custody and trading services. Morgan Stanley's low-cost entry could force a new round of price cuts across the spot Bitcoin ETF market. The bank's proposed fee is below several major spot Bitcoin ETF products already in the market.
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