Morgan Stanley Enters Crypto Market with Proprietary Bitcoin ETF

Morgan Stanley has made a significant move into the cryptocurrency market with the launch of its first proprietary spot Bitcoin ETF, MSBT. The fund is now listed on the NYSE Arca and becomes the first major US commercial bank to offer its own crypto product.

The MSBT fund offers a competitive edge in terms of fees, with an annual fee of just 0.14%, significantly lower than other market leaders such as BlackRock's IBIT and Fidelity's FBTC, which charge 0.25% annually.